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Demonstrate how each of the following transactions will affect the accounting equation (Assets = Capital + Liabilities). Your answer should include a summary total for

Demonstrate how each of the following transactions will affect the accounting equation (Assets = Capital + Liabilities). Your answer should include a summary total for each of Assets, Capital and Liabilities at the end of the week.  i. On 1 April, Jingfei started a business selling personalised jumpers and put £20,000 of his savings into a business bank account. ii.On 2 April, Jingfei bought equipment for long-term use in the business for £5,000, paying by cheque from the business bank account.

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