The following T-accounts record the transactions occurred for Tic-tok Watch and Clock menders Pty Ltd during the financial year ended 30 June 2020. On 1 July, Capital was 100,000 Accumulated depreciation - Equipment 02 1,000 (a) (e) (f) Cash at bank 136,000 (c) 10,000 (d) 6,000 (h) (0) 2.400 1,800 1,200 12.000 Supplies 6,000 (k] Prepaid advertising (c) 2,400 (b) 3,000 Depreciation expense- Equipment 1.000 Accounts payable 1,200 lb) 6,000 (il (h) Equipment 5,000 Capital (a) 141,000 Service revenue (e) 30,000 (g) 5,000 (d) Rent expense 1,800 Drawings Accounts receivable 20,000 () 12.0007 (el Supplies expense 3,000 Unearned revenue 5,000 (f) 6,000 (k) (9) a) Calculate the following items using the information provided in the T-accounts. Indicate whether the amount is a debit or credit balance. (6 marks) For money amounts, round your answer to the nearest dollar. Do not include S. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format. Items Amount Debit or Credit Total Current Assets Total Assets Total Liabilities b) Which of the following states the correct effects if transaction (k) in the above t-accounts is not recorded. (1 mark) Revenue would be understated. Assets would be understated. Revenue would be understated. Llability would be overstated. Expenses would be understated. Liability would be understated. Expenses would be overstated. Assets would be overstated. Expense would be understated. Assets would be understated. Expenses would be understated. Assets would be overstated