Q.1 Wesson Servicing provides support to customers in the area of ecommerce, show the effects of the activities listed in (a) through (f) on Accounting equation ( 05 marks) a. Mamie Wesson, the owner, invested cash of $25,000 into the business b. The owner purchased office supplies on credit: $600. C Wesson Servicing did work for a client and received $7,000 cash. d Completed an application form for a $10,000 goverment grant The owner paid her assistant's salary: $4,500 cash 1. Completed work for customer an Credit: S1.250. Q2 Analyzing and recording journal entries (05 marks) Bell's company had the following transactions in the month of May. May 2 10 12 15 16 22 Dee Bell transferred her personal car valued at $8,000 into the business, Did 34,000 of work for a customer on account. Collected $10,000 from a customer for work to be done in July 2017 Paid wages of $6,000. Collected $4.000 from the customer of May 10 Paid $3,000 of the outstanding accounts payable Q3 For each of the following incorrect entries, journalize the appropriate correcting entry(ies-(OS mark) 1. The purchase of office supplies on credit for $1,800 was recorded as: Office Supplies 1.500 Cash 1.800 2. Acredit customer paid her account in full: $4,500. This was recorded as: Cash 4,500 Revenue 4,500 3. The owner withdrew cash of $1,500. This was recorded as: Salas Expense 1.500 Cash 1.500 4. Work was performed for a customer today and cash of $750 was received. This was recorded as: Cash Accounts Receivable 780 750 Q3 For each of the following incorrect entries, journalize the appropriate correcting entry(ies) 105mark) 1. The purchase of office supplies on credit for $1,800 was recorded as: Office Supplies 1.800 1800 2. A credit customer paid her account in full: $4,500. This was recorded as 4.500 Revenue 4.500 3. The owner withdrew cash of $1,500. This was recorded as: Sales Expense 1,500 Cash 1.500 4. Work was performed for a customer today and cash of $750 was received. This was recorded as: Cash 150 Accounts Recente TEO