All goods (trading stock as well as any other goods) exceeding N$8 500 are purchased oncredit. Credit terms have been agreed by all suppliers. Purchases below the value of N$8 500are paid...

All goods (trading stock as well as any other goods) exceeding N$8 500 are purchased oncredit. Credit terms have been agreed by all suppliers. Purchases below the value of N$8 500are paid immediately.Assume that the bank has a favourable bank balance.The following transactions took place during June 2021:1. Shikongo increased his capital contribution from N$50 000 to N$150 0002. Bought machinery on credit from Damara for N$81 2353. Transferred N$250 from FNB account to the municipality for a trade licence4. Bought a laptop from Matrix for N$7 999.5. Purchased stationery and cartridges from CAN for N$2 180.6. Bought merchandise from Woreman Hyper, N$6 513.7. Cash sales of goods, N$18 176.8. Merchandise sold on credit to G Herero, N$5 250.9. Paid the telephone account, N$3 506.10. Purchased delivery scooter from Select Cars, N$30 599.11. Transferred N$2 605 to Oshiwambo, being the instalment on their account.12. Paid salaries for the month, N$7 500.
Analyse the transactions above for ITCL CC for June 2021 in the accounting equation by usingthe table below. Example: ITCL CC pays the local newspaper for the sales advertisementplaced in the local community brochure - N$1 650. [24 marks]No. Assets (N$) = Owner's Equity (N$) + LiabilitiesE.g -1 650 -1 650123456789101112
Please this is an accounting equation should show how it will affect the Asset, Owner's equity and Liability