The following transactions pertain to Rosewall Ltd for November 2018.1The company was incorporated, with shareholders investing $250 000 in cash.2Purchased $43 000 worth of inventory on credit.3Rent of $8000 was paid.4Made credit sales of $110 000 (COGS was $45 000).5Received the $2000 bill for an advertising campaign to promote the new company. This amount will bepaid in December.6Inventory was purchased for $27 000 cash.7Paid $30 000 of accounts payable.8Wages of $24 000 were paid (wages expense).9Received $45 000 from accounts receivable.10Sales commission was paid at the rate of 1 per cent of total monthly sales.11Purchased new machinery at a cost of $9000. Of this, $4000 was paid in cash with the remainder to be paidin 15 monthstime.12Owed employees $3500 in wages at the end of November.13Depreciation on the new equipment equalled $1000.14Interest of $6000 is owed by the bank at the end of November. It will be received in January 2019.15Received $8000 from a client. Services to the client will be provided in December.16Several investors sold $20 000 of their shares to other investors.Show the effect of each of the above transactions on the accounting equation.