ElectroShop Ltd$.$ is a leading retailer of electronics in Cape Town. The company offers a wide range of electronics, from televisions to laptops. ElectroShop Ltd$.$ has a financial yearend of $31$ August $2024.$ The following are the transactions for the month of April $2024$: $1.$ ElectroShop procured $100$ televisions at R$5000$ each on credit. However, the company received a $10\%$ discount for the bulk purchase from the supplier. $2.$ ElectroShop ran a promotion and sold $50$ televisions for R$7000$ each in cash. The cost of each television inventory item is R$5500.3.$ ElectroShop decided to lease a new store space. They paid rent for $6$ months in advance at R$25000$ per month. The new store space will only be available from $1$ July $2024.4.$ ElectroShop received an electricity bill of R$33000$ for February $2024,$ of which $10\%$ constitutes interest charges for surpassing the agreed payment period. The company paid the full amount on $30$ April $2024.5.$ ElectroShop earned an interest of $4\%$ on their fixed deposit of R$500000$ for the month of April $2024.6.$ Wages and salaries for the month amounted to R$300000,$ but only $90\%$ has been paid. The rest will be paid next month. $7.$ ElectroShop sold $20$ laptops on credit for R$10000$ each. The cost of each laptop is R$7300.58$ HFAC$131-1-$Jan$-$Jun$2024-$FA$1-$LVN$-$V$3-20240119$ ANNEXURE F: FORMATIVE ASSESSMENT $1$ REQUIRED: By using the accounting equation, record transactions $1-7$ for ElectroShop Ltd$.$ for April $2024.$ Indicate the impact of each transaction, by showing whether the element has increased or decreased. Show all calculations and use the below format to structure your answer. No$.$ Assets $=$ Equity $1.(+/-)$ R amount Element$/$account name $(+/-)$ R amount Element$/$account name $+$ Liabilities $(+/-)$ R amount Element$/$account name