Question 2 Marks 15 Five transactions of King Enterprise, a corporation, are summarized as follows in equation form, with each of the five transactions identified by a letter. For each of the transactions (a) through (e) Write a separate statement explaining the nature of the transaction Demonstrate the change of each transaction with respect to debit and credit rules in financial statement. MA service organization? Justify your answer with evidence. Question # 2 Marks 15 Five transactions of King Enterprise, a corporation, are summarized as follows in equation form, with each of the five transactions identified by a letter. For each of the transactions (a) through (e) Assets Labetes + Owner Equity Cash Accounts Recevable + Furniture + Building + Land Accounts - Payable + Capital Stock $30.000 $90,000 $40.000 $30,000 $149.000 $10.000 +800 $10.800 $90,000 340.000 $30,000 $149.000 $30.000 -500 $29,500 $90,000 $40.000 $149.000 Balances $9.000 (a) -800 Balances $ 8.200 (by 500 Balances $8,700 - 3.000 Balances $ 5.700 101) -2.000 Balances $ 3.700 ) +10000 Balances $13.700 $10.800 +5.000 $15,800 $29.500 590,000 $40.000 $30.000 -2.000 $32.000 -2.000 $30,000 $149.000 $29.500 $15.800 $90.000 $40.000 $149.000 10,000 $150.000 $2.500 515.800 $90.000 $40.000 $30.000 Write a separate statement explaining the nature of the transaction. Demonstrate the change of each transaction with respect to debit and credit rules in do