Open with Google Docs Class & Programme, Question 1 Identify each item below according to the five categories of Assets, Liabilities, Equity, Income and Expenses. Also state whether the first entry or opening balance of each item should be a debit or credit entry Category Dr/Cr Office equipment Motor vehicles Discount received Loan Amount owing to suppliers Office rental Telephone Sales Purchases Amount owing by customers Profit Loss Cash (13 marks) Dr. (13 marks) Dr/Cr Decrease in cash Increase in equity Decrease in liability Increase in revenue Decrease in equity Increase in office equipment (6 marks)