PRINCIPLES OF ACCOUNTING INDIVIDUAL ASSIGNMENT ONE GENERAL INSTRUCTIONS: ASSIGNMENT SHOULD BE HANDWRITTEN (YOUR OWN HANDWRITIVG) AND SUBMITTED IN PERSON ON WEDNESDAY. OCTOBER 19, 2022. QUESTION 1 Kofi Owusu, a sole proprietor started business on Seplember 1, 2022. The following are the transactions for the month of August 2022: Aug 2. Owner of the enterprise started business with GHC 5,000 cash Aug 3. Bought office equipment for GHC 2,000 on credit from Enchi Ltd on eredit Aug 7. Bought goods on credit for GHC 500 from Kojo Ayitcy Ent. Aug 13. Added additional capital of Ghe 2,000 by paying cheque Aug 16. Paid Ghe 1,000 cash of amount owed to Enchi Ltd Aug 17. Withdrew Gbe 500 for personal use Aug 20. Took a credit facility of GHC 5,000 from Eno Mary Venture to expand his business Aug 22. Paid the amount owod to Kojo Ayitey Ent in full by paying cheque Aug 24. Paid the remaining amount owed Enchi Ldd by paying cash Aug 30. An amount due to the Accountant who helped in setting up the business account is Ghe 1,000. Kofi Owuse promised to settle this amount the following month. Required: i. Show the effects of these transactions on the Accounting Equation ii. Indicate the accounts to be credited and the accounts to be debited