Question 8 (2.5 marks * 4 = 10 marks) Identify the effect(s) of each of the following independent events on the accounting equation (assets = liabilities + equity) (2.5 marks each) (a) A motor vehicle costing $25,000 was acquired. A $10,000 cash payment was made, with the remaining balance to be paid within 60 days. (b) Goods which had been purchased for $2,000 were sold on credit to a customer for an agreed price of $2,500 (c) Wages of $1,000 are owing to employees for work already performed (d) Equipment costing $5,000 was purdnased An amount of $2,500 was paid in cash with the balance to be paid to the supplier within 90 days Page 7 of 33