The balance date for this company is 31 March 2022. You are to record the effect of each transaction on the extended accounting equation for the year ending 31 March 2022 using the table provided in the answer script. Your answer should include all workings, the name of the account, the amount, and the effect of the transaction on the account by showing increase/decrease as +/-. The first example illustrates how you would record the answer on the table. A. Received $5,000 from account receivables. < w a. Bought inventory: For cash $10,000, and on credit for $15,000. < b. Invested $10,000 with ANZ on 1 June 2021 for 12 months at an interest rate of 3 percent per annum The interest will be received at the end of the term investment (i.e., 31 May 2022). < c. Bought a motor vehicle on 1 July 2021 for $50,000. The expected salvage value at the end of its useful life of four years is $10,000. Depreciate this equipment at balance date using the straight-line depreciation method. < d. The customer deposited $5,000 on 30th March 2022 for goods to be delivered on 2nd May 2022. e. Sold goods: For Cash $20,000, and on credit for $35,000. The gross margin was 40 percent. < f. The owner brought the following into the business: Cash $25,000 and $30,000 inventory. g. The quarterly rent (February to April 2022) of $12000 was paid on 1st February 2022. h. Wages owing as of 31st March 2022 was 10% of the total wages of $200,000. < i. The owner withdrew $4,500 inventory for his personal use. j. Paid the amount owing to the supplier (from a. above) less 3 percent discount due to prompt payment. k. Sold an old equipment for $3,000. The cost and the accumulated depreciation of the furniture were $14,000 and $12,000 respectively. Extended Accounting Equation: Asset + Expenses = Liabilities + Equity + Revenue Transaction ASSET EXPENSES LIABILITIES EQUITY REVENUE No. A. Bank + 5,000+ Accounts receivable -5,000 a. b. e C. 44 d. e. C f.e g. h. i. 2 24 j. C k. 2 t 2 2 F 2 T + 2 LLLLLL1 P LLLLLLLLL 2 + L L t