The accounting equation is: Assets = Owner's Equity + Liabilities.

Step 1: Analyze the transactions for each day and identify the accounts affected and their impact on the accounting equation. The accounting equation is: Assets = Owner's Equity + Liabilities. Day 1: P. Grace (Capital) - R20 000 This is an owner's contribution of cash. Source Document: Receipt (R01 from previous CRJ). Account 1: Bank (Asset) increases. Account 2: Capital (Owner's Equity) increases. Effect: Assets increase, Owner's Equity increases. Day 5: Navashnee (Rent Income) - R2 500 This is cash received for rent. Source Document: Receipt (assume Rxx). Account 1: Bank (Asset) increases. Account 2: Rent Income (Owner's Equity) increases. Effect: Assets increase, Owner's Equity increases (as income increases profit, which increases owner's equity). Day 25: BB Bank (Loan) - R28 000 This is cash received from a loan. Source Document: Bank Statement (BS) or Loan Agreement. Account 1: Bank (Asset) increases. Account 2: Loan from BB Bank (Liability) increases. Effect: Assets increase, Liabilities increase. Step 2: Complete the accounting equation table based on the analysis. |l|l|l|l|c|c|c| Day & Source Document & Account 1 & Account 2 & 3|c|Effect on Accounting equation \\ 5-7 & & & & Assets (+/-) & Owner's equity (+/-) & Liabilities (+/-) \\ 1 & R01 & Bank & Capital & +R20 000 & +R20 000 & 0 \\ 5 & Receipt & Bank & Rent Income & +R2 500 & +R2 500 & 0 \\ 25 & BS / Loan Agreement & Bank & Loan from BB Bank & +R28 000 & 0 & +R28 000 \\ That's 2 down. 3 left today — send the next one.