On $31$ March, Talal's employment with Gigantic Stores Ltd came to an end. On $1$ April, Talal sets up in business by himself, trading as 'Talal's Matches', and selling boxes of matches from a tray on a street corner. Talal puts $$100$ into a bank account opened in the name of Talal's Matches. He persuades a supplier of matches to let him have an initial inventory of $400$ boxes, costing $5$ cent each, promising to pay for them next week. During his first day of trading he sells $150$ boxes at $12$ cent each $-$ $$18$ in all. Feeling well pleased, he takes $$5$ from the cash tin and treats himself to supper at the local cafe. He also writes a cheque for $$5$ to his supplier in part payment for the initial inventory of boxes. Show what happens to the accounting equation as each of these transactions takes place.