Question 2 (1) Issued share capital for $5,000 cash. (2) Billed $1,500 to customers for repairs completed today. (3) Purchased on credit $2,000 of supplies to be used next month. (4) Borrowed $7,500 from the bank. (5) Collected $500 for the amount billed in transaction (2). (6) Received a $200 bill for electricity used to date (the bill will be paid next month). (7) Repaid $2,500 of the bank loan. (8) Used $800 of the supplies purchased in transaction (3). (9) Paid $2,000 for the supplies purchased in transaction (3). Required: a) Show the accounting equation which results from each of these transactions. b) Prepare general journal entries