From the following September 2022 transactions for K Pullen, you are required to:

• process the transactions in the accounting equation format

• enter next to each amount whether it is a debit or a credit transaction

• prepare a balance sheet as at 30 September 2022.

a 1 September 2022: Commenced business with bank $12 000, inventory $3000, building $37 000, machinery $7500 and mortgage $7500.

b 4 September: K Pullen purchased inventory for $2310 cash.

c 7 September: Additional capital was brought into the business by K Pullen in the form of cash $7500 and motor vehicle $15 000.

d 10 September: Inventory $2915 was purchased on credit from C Blaxland.

e 13 September: Machinery costing $4620 was bought by K Pullen using a debit card.

f 17 September: K Pullen received $10 000 as a three-year loan from V Alan.

g 22 September: Machinery costing $8800 was purchased from C Eastment on credit.

h 23 September: Inventory was purchased by K Pullen for $3960 by electronic remittance.

i 26 September: Paid C Blaxland $2915 owing from the purchase earlier in September.

j 27 September: K Pullen purchased inventory on credit from C Blaxland $4070.

k 28 September: Remitted $8800 to C Eastment, an account payable.