2. The transactions below relate to Amando Limited for the month of August 2018. What are the effects of the transactions on the accounting equation?

1. The owner of Amando Limited started business with cash of GH20,000.
2. Cash of GH10,000 was deposited into the business bank account
3. Purchase of motor vehicle worth GH5,000
4. Bought goods on credit from Ningo Enterprise worth GH2,000
5. Sold goods for cash GH750
6. Sold goods worth GH820 on credit to Abban for GH1,000
7. Paid rent with cheque GH250
8. Secured a loan of GH5,000 from CBG
9. Paid Ningo with cheque GH1,200
10. The owner withdrew goods worth GH250 for his wife.
11. Received a cheque of GH950 from Abban in settlement of his debt.
12. Paid for repairs of motor vehicle with cash GH100.
13. Paid Ningo with cash GH760 in full settlement of the amount owed them.