QUESTION 1 [28 marks] Bafana Trading is a manufacturing company that is based in Cape Town, Khayelitsha , the company manufactures and sells tables and chairs. On 1 January 2021, the accounting equation of the business was as follows : Debit Credit Assets (R) = Owner's equity (R) + Liabilities (R) Equipment Trade Payables +26 800 +26 800 Bafana Wholesalers entered into the following transactions during January 2021. Ignore Value Added Tax (VAT). Date Details Example Bafana purchased furniture on credit. The furniture amounted to R26 800. 1 Bafana borrowed a long term loan of R300 000. 5 Bafana paid salaries and wages amounting to R12 000. 9 The owner , Bafana Jackson , made a capital contribution to his business . Cheque of R66 000 was deposited to the business's bank account. 16 Bafana purchased trading inventory for R12 000 cash. 18 Paid bank charges of R380 for the current month. 23 Bafana purchased a delivery van for R115 000 via EFT payment. 24 Bafana bought inventory for R36 000 cash. 25 Bafana paid back R16 000 on the bank loan. 26 Bafana issued a cheque for R1 300 to pay for water and electricity. 27 Bafana paid R800 for the telephone account. 28 The owner withdrew R3 800 cash for personal use. 29 Bafana bought a computer for R2 950 cash. 30 Bafana purchased a computer for R3 900 for the office on credit. 31 Mama's Desk (the debtor ), paid R1 800 in part payment of their account. Required : Show each individual transaction on the accounting equation for 31 January 2021. You are also required to state the account to be debited and the account to be credited