you are required to give an example for the following transactions, construct a table of the Accounting equation and show the effects of the transactions on the assets, liabilities, and capital.

a. Business commenced with cash (1 transaction)

b. An asset purchased for cash (1 transaction)

c. Goods purchased on credit (1 transaction)

d. Expenses paid by cash (1 transaction)

e. Goods sold on credit (1 transaction)

2.3. From the financial transactions in the task (2.2), prepare the Pro-forma templates for the following:

a. Journal entries for the above transactions.

b. Post them to the appropriate ledger accounts Version

c. Prepare the Trial balance from the ledger balances