General journal of Certainly! The accounting equation, which is Assets $=$ Liabilities $+$ Owner$$s Equity, is fundamental to recording transactions. Here$$s how the transactions would affect the accounting equation for Polka$-$Dots $($Pty$)$ Ltd:

Cash Purchase of Posters

Assets: Cash decreases by R$550$

Assets: Inventory increases by R$550$

Return of Unwanted Goods

Liabilities: Accounts Payable decreases by R$800$

Assets: Inventory decreases by R$500$

Owner$$s Equity: Retained Earnings increases by R$300($the difference$)$

Mr$.$ Prince$$s Account Approval

No immediate effect on the accounting equation until a transaction occurs.

Credit Purchase by Mr$.$ Prince

Assets: Accounts Receivable increases by R$1,750$

Assets: Inventory decreases by R$1,750$

Bank Charges

Assets: Cash decreases by R$45$

Owner$$s Equity: Retained Earnings decreases by R$45$

Municipal Bill Received

Liabilities: Accounts Payable increases by R$850$

Expenses: Utilities Expense increases by R$850($affects Retained Earnings$)$

Credit from Cellphone Company

Assets: Cash increases by R$140$

Owner$$s Equity: Retained Earnings increases by R$140$

Order Issued to GREAT Ltd

Liabilities: Accounts Payable increases by R$5,000$

Assets: Inventory increases by R$5,000$

Rental Payment

Assets: Cash decreases by R$600$

Expenses: Rent Expense increases by R$600($affects Retained Earnings$)$

Cash Sales

Assets: Cash increases by R$750$

Assets: Inventory decreases by R$400$

Owner$$s Equity: Retained Earnings increases by R$350($the difference$)$

Fuel Expense Mispost

Expenses: Salaries and Wages Expense increases by R$800($affects Retained Earnings$)$

Expenses: Fuel Expense decreases by R$800($affects Retained Earnings$)$

Mr$.$ Plan$$s Deposit

Assets: Cash increases by R$4,000$

Liabilities: Unearned Revenue increases by R$4,000$

Settlement with Mr$.$ Sick$$s Estate

Assets: Accounts Receivable decreases by R$1,400(60\%$ of R$3,500)$

Owner$$s Equity: Retained Earnings decreases by R$2,100($the difference$)$

Depreciation of Delivery Truck

Assets: Accumulated Depreciation increases by R$87,500(25\%$ of R$350,000)$

Owner$$s Equity: Retained Earnings decreases by R$87,500$

Inventory Adjustment

Assets: Inventory increases by R$5,500$

Owner$$s Equity: Retained Earnings decreases by R$2,500($the difference from opening balance$)$

Owner Settles Vehicle Loan

Liabilities: Loans Payable decreases by R$5,600$

Owner$$s Equity: Owner$$s Draw increases by R$5,600$