Your cousin (Peter) wants to start a new business venture, Foods Delight. Foods Delight will prepare easy-to-eat food (street food) at soccer games for the fans. Your cousin, however, has no accounting background and is not sure what the impact of transactions on his business is. To start this business, the following transactions were made.

1. The owner, Peter, deposited R700 000 into the bank account of Foods Delight as capital.
2. Peter purchased a second-hand food truck to prepare the food to the value of R350 000. He paid a 10% cash deposit, and the remaining amount will be paid equally over three years.
3. Peter had the food truck restored and painted with the logo of Foods Delight for R50 000. He paid 20% of the amount in cash; the rest is on credit.
4. Peter purchased some groceries to prepare the food for the first sales day. The total amount of the purchases was R15 000 cash. Peter decided to use the perpetual inventory system.
5. On his first day of business, he sold burgers and chips only. The total sales for the day were R25 000. Peter uses a gross-profit margin of 15% on sales.

Required
For each of the transactions mentioned above, record the transaction in the accounting equation of Foods Delight. Make use of ONLY the following columns:	15
Non-current assets	Current assets	Equity	Non-current liabilities	Current liabilities
Note: Round to the nearest Rand and CLEARLY show all calculations.