Show the effect of the following transactions on the accounting equation A=O+L and indicate the account to be debited and credited in the table below.

1. Purchased consumable items from waltons by EFT $ 600

2. Settled the account of a supplier, cash converters by EFT $ 4000

3. A Loan was received from standard bank by EFT 200 000

4. Received rent from the tenant by cash $ 2500

5. Paid municipality for rates by Eft $ 3600

6. Purchased equipment by EFT $ 50 000

7. Paid cash $ 600 to a supplier hi-fi in full settlement of account.

	Account to debit	Account to credit	Asset	Owner's equity	Liabiity
1
2
3
4
5
6
7