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Transaction Analvsis A 1.2 Sem 1 2024 Emily Johnson holds a Bachelor of Education in Early Childhood Education degree and boasts extensive experience as an educator in numerous childcare centres across Melbourne. Inspired by her passion for early childhood education, Emily made the bold decision to establish her own childcare enterprise "Emily's Little Learners" (known as ELL henceforth). Below is an overview of her current operational structure and recent financial activities. The subsequent details outline key activities of Emily's childcare business, " Emily's Little Learners," for the months of Feb and March 2024. On March l, 2024, ELL officially commenced with the financial year spanning from July to June annually. While Emily can do basic bookkeeping tasks, she has an accountant. Following the accountant's recommendation, Emily has opted to utilize accrual accounting and commit to preparing monthly financial statements. Your task entails identifying and documenting relevant business transactions in a workbook format utilizing the accounting equation (explained later in this document) for the month of Feb 2024. As you record these transactions, ensure the creation of meaningful account names. Additionally, provide explanations for any assumptions made during this process. l. On 1st Feb 2024, she opened a Business Account with ZAN Bank and deposited $50,000. She had saved $30,000 and borrowed the remaining amount from her parents. 2. On 2nd Feb, she managed to find a property which was a child centre earlier and was in good shape that suited well for her requirements. She signed a yearly rental contract for the premises. The monthly rental will be $4,000 and must be paid on the first business day each month in advance to be able to use that premises for that month. She takes over the property immediately. 3. Over the weekend of 3rd Feb, she visited some retail stores and finalised some office furniture. As she is yet to receive bank cards for her business account with AN Bank, she decided to use her personal account and do not intend to claim it back from her business. She paid $5,000 in total. 4. On 5th Feb, she contracted with Globird Energy for the utility services at the venue and OzNetwork for communication services. The services commenced immediately, and both the companies will invoice GloWorld on the last Friday of each month and the invoice must be paid within the next 10 business days. No advance is required. Oz Network services are on a fixed amount basis at $300 per month including a mobile phone and internet connection. 5. On 7th Feb she received a debit and credit card both from ZAN bank for her business. The credit card a had a limit of $15,000 Transaction Analvsis A 1.2 Sem 1 2024 Emily Johnson holds a Bachelor of Education in Early Childhood Education degree and boasts extensive experience as an educator in numerous childcare centres across Melbourne. Inspired by her passion for early childhood education, Emily made the bold decision to establish her own childcare enterprise "Emily's Little Learners" (known as ELL henceforth). Below is an overview of her current operational structure and recent financial activities. The subsequent details outline key activities of Emily's childcare business, " Emily's Little Learners," for the months of Feb and March 2024. On March l, 2024, ELL officially commenced with the financial year spanning from July to June annually. While Emily can do basic bookkeeping tasks, she has an accountant. Following the accountant's recommendation, Emily has opted to utilize accrual accounting and commit to preparing monthly financial statements. Your task entails identifying and documenting relevant business transactions in a workbook format utilizing the accounting equation (explained later in this document) for the month of Feb 2024. As you record these transactions, ensure the creation of meaningful account names. Additionally, provide explanations for any assumptions made during this process. l. On 1st Feb 2024, she opened a Business Account with ZAN Bank and deposited $50,000. She had saved $30,000 and borrowed the remaining amount from her parents. 2. On 2nd Feb, she managed to find a property which was a child centre earlier and was in good shape that suited well for her requirements. She signed a yearly rental contract for the premises. The monthly rental will be $4,000 and must be paid on the first business day each month in advance to be able to use that premises for that month. She takes over the property immediately. 3. Over the weekend of 3rd Feb, she visited some retail stores and finalised some office furniture. As she is yet to receive bank cards for her business account with AN Bank, she decided to use her personal account and do not intend to claim it back from her business. She paid $5,000 in total. 4. On 5th Feb, she contracted with Globird Energy for the utility services at the venue and OzNetwork for communication services. The services commenced immediately, and both the companies will invoice GloWorld on the last Friday of each month and the invoice must be paid within the next 10 business days. No advance is required. Oz Network services are on a fixed amount basis at $300 per month including a mobile phone and internet connection. 5. On 7th Feb she received a debit and credit card both from ZAN bank for her business. The credit card a had a limit of $15,000