Stan participated in the programme, Master Chef, and was very encouraged by the experience. Stan opened a restaurant with take-away known as Stans restaurant and Take Away. The following are transactions for month ended 30 June 2023: Transaction Number Transactions 1. Stan opened a business bank account with a deposit of R35 600 transferred from his personal account. Stan also deposited R64 400 taken as a Loan from Kind Bank. The loan will be repaid by the business in full on 31 May 2026. Interest at 12% per annum is payable at the end of each month. 2. Equipment was purchased from Caterquip for R54 000 on credit payable in 3 equal monthly instalments. The first instalment is due on 25 June 2023. 3. Purchased consumable items for preparation of take away items on the menu on the following terms. Consumables of R19 200 were purchased for cash, and R33 400 from Leannes Supplies on account that is payable in 30 days from 30 June 2023. (Treat the Consumables as expenses.) 4. A refundable deposit of R3 000 was paid to the landlord and an additional R3 000 was paid as rent for the month of June 2023. 5. Paid an amount of R3 800 by Electric Funds Transfer (EFT) to set up a web page and on-line advertisements. 6. Acquired a cell phone to be used exclusively for business on a 24 month contract. The first months subscription of R2 000 was paid. 7. 8. 9. 10. Total cash sales of R88 800 were deposited into the bank account. Made credit sales of R6 000 to Banjo Dance Club to be paid on 10 July 2023. The first instalment due to Caterquip Ltd for purchases of equipment was paid on 25 June 2023. The first months interest due to Kind Bank was paid on 30 June 2023. Stan entertained a few friends from Namibia to a meal. Stan charged the cost of R5 770 to his personal account. 3 Required: Record the above transactions for the month of June 2023 through a table such as the one illustrated below. Simultaneously show the financial impact of the transaction on the accounting equation and the effect of the same transaction on the relevant accounts. Use + for increase and OR (brackets) for decreases in value when recording transactions in the accounting equation. Use the format as shown in the example below: Example of a transaction processed through the required format: EG Paid R2 500 wages to staff. Stans restaurant and Take away for the month ended 30 June 2023; No Financal impact: acc equation Effect on ledger accounts Assets -R Equity-R LiabilitiesR Account debited Account credited Eg (2 500) (2 500) 0 Wages Bank