Question 2 With regard to the following transactions of BAA Traders, indicate what the effect would be on the accounting equation, 0=AL. Under each element of the equation indicate by what amount the elements would increase or decrease. (B) Assume in all cases, where applicable, that the bank balance is favourable. COLLEGE - FEBRUARY 2023 (Accounting and Finance); (FE_DL_ACCF_NQF) (A-FE_DL_AACCFF_NQF_B) Transactions: (a) Bought merchandise from J. Bheki, and paid by cheque. Cost price R2 000 less 20% trade discount. (b) Cash sales for the day amount to R8 000. Cost price R4 500. (c) Paid Camdey \& Co by cheque to settle the business's account of R2 000 less 10% discount. (d) Bought merchandise on credit from CAN Distributors, R5 000. (e) Paid R250 to the city council for a licence on the delivery vehicle. (f) The owner took merchandise, cost price R850, for his own use. (g) A debtor, S. Canpay, who owes the business R300, is insolvent. Receive a final dividend of 50 cents in the rand (50/R). The rest of his debt must be written off as bad debt