Complete the table below to show the effect of the following transactions on the accounting equation.

Here is the completed table showing the effect of the transactions on the accounting equation: | No. | Source document | ASSETS (+/-) | EQUITY (+/-) | LIABILITIES (+/-) | | :-- | :---------------------- | :----------- | :----------- | :---------------- | | 1 | Invoice/EFT confirmation | R0 | R0 | R0 | | 2 | EFT confirmation | -R4 900 | -R4 900 | R0 | | 3 | Wage register | -R3 000 | -R3 000 | R0 | | 4 | Bank statement | -R250 | -R250 | R0 | | 5 | EFT confirmation | -R3 500 | R0 | -R3 500 | Here's a step-by-step explanation for each transaction: Step 1: Transaction 1 - Buy a secondhand vehicle at VW Motors for R38 000. Source document: An Invoice from VW Motors for the purchase and an EFT confirmation* (or cheque counterfoil) for the payment. Assets: The asset 'Vehicle' increases by R38 000, and the asset 'Bank' (cash) decreases by R38 000. The net effect on total assets is R0. Equity: No change. Liabilities: No change. Accounting Equation: Assets = R0, Equity = R0, Liabilities = R0. (R0 = R0 + R0) Step 2: Transaction 2 - Transfer R4 900 electronically to Alta Offices for the rental of the office building. Source document: An EFT confirmation or Bank statement* confirms the electronic transfer. Assets: The asset 'Bank' (cash) decreases by R4 900. Equity: Rent is an expense, which decreases owner's equity by R4 900. Liabilities: No change. Accounting Equation: Assets = -R4 900, Equity = -R4 900, Liabilities = R0. (-R4 900 = -R4 900 + R0) Step 3: Transaction 3 - Pay wages by making a cash withdrawal of R3 000. Source document: A Wage register records the payment of wages, and a Cheque counterfoil* (if withdrawing from the bank) or cash slip. Assets: The asset 'Cash' (or Bank, if withdrawn from bank) decreases by R3 000. Equity: Wages are an expense, which decreases owner's equity by R3 000. Liabilities: No change. Accounting Equation: Assets = -R3 000, Equity = -R3 000, Liabilities = R0. (-R3 000 = -R3 000 + R0) Step 4: Transaction 4 - The Bank statement received from South Bank shows bank charges of R250. Source document: A Bank statement* is the official document showing bank charges. Assets: The asset 'Bank' (cash) decreases by R250. Equity: Bank charges are an expense, which decreases owner's equity by R250. Liabilities: No change. Accounting Equation: Assets = -R250, Equity = -R250, Liabilities = R0. (-R250 = -R250 + R0) Step 5: Transaction 5 - Repay the loan by means of an electronic transfer of R3 500. Source document: An EFT confirmation or Bank statement* confirms the electronic transfer. Assets: The asset 'Bank' (cash) decreases by R3 500. Equity: No change. Liabilities: The liability 'Loan' decreases by R3 500. Accounting Equation: Assets = -R3 500, Equity = R0, Liabilities = -R3 500. (-R3 500 = R0 + -R3 500) Send me the next one 📸