QUESTION ONE Joe Smith, a qualified accountant, decided to setup his own accounting practice. The following are transactions for March 2021. the first mnnth af. Required: 1.1 Show the effect on the Accounting Equation and fill in the rest of the table as per the example provided below: Indicate the " + " if the element increases, " if the element decreases and " 0 " if the element remains the same. E.g. Paid water and electricity by cheque, R500