QUESTION 1 Analyse the following transactions by means of the accounting equation (A=O+L). Use a table with the following columns: Example: Issued a cheque to Pen Stationers for stationery purchased, R500. (a) Cheque issued to pay for stationery, R800. (b) Office desk purchased on account, R5 000. (c) Cheque issued to pay creditor, R400. (d) Stock with cost price of R3 000 purchased and a trade discount of 10% was allowed. The payment was made immediately by electronic funds transfer (EFT). (The perpetual inventory method is used). (e) A debtor settled debt of R300 and a discount of 5% was received. (f) The business has an account with the local garage and fuel was bought on account for the three delivery vehicles, R1 200. (4) (g) What is the accounting equation? (3)