Question: Based on the following transactions, complete the table shown below. a . A shareholder paid Southgate Inc. $ 2 0 , 0 0 0 cash
Based on the following transactions, complete the table shown below.
a A shareholder paid Southgate Inc. $ cash for share capital in the business.
b Southgate Inc. purchased new equipment by paying $ cash.
c A client rented equipment for $ cash.
d Southgate Inc. bought $ of equipment, using $ cash and $ on account.
e Furniture was rented by a customer for $ cash.
f A client rented equipment for $ cash.
g Southgate Inc. collected $ for commissions earned today.
h Southgate Inc. paid $ for equipment purchased today.
i Southgate Inc. used credit to purchase $ of equipment.
j Southgate Inc. paid dividends of $ to the shareholders.
a To complete the table shown below, identify the headings account names for each column by clicking on the appropriate cell and making a selection. Use additions sign and subtractions sign to show the transactions' effects on the elements of the equation. Indicate next to each change in equity in the explanation column whether it was caused by the issuance of share capital investment a revenue, an expense or payment of dividends. Identify revenues and expenses by name. If a transaction does not affect equity, no explanation is required. Calculate the total balance for each column no or sign is required for totals
tableTotal assets,Tntal liahilities and enulituAccounting equation:,,
Please answer a and b
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