Complete the worksheet using the template down below

Transaction Details 1 On 1 July 2021, Clive sold his house in England for $1,000,000 and invest half of them in the Cupcake War. A bank account in that name was opened at Bank of England. 2 On the very next day, Cupcake war hires two bakers and one waiter. The annual salary of baker and waiter is $50,000 each and $40,000 respectively. Due to ATO new regulation the salary will be paid annually in advance. 3 4 On 15 July 2021, Cupcake War signed rental agreement with Real Green real estate to rent an existing Bakery shop at the cost of $20,000. Since Cupcake War paid that amount immediately, they received 10% discount from agent. On 1 August 2021, Cupcake War purchases inventory of flour, eggs, packaging and various artificial flavours ingredients worth $100,000. Although it is a large order, the suppliers require Cupcake War to pay all of the bills immediately. On 15 August 2021, Cupcake War received a massive order from Melbourne Airport as to celebrate the opening of Australian Border. The orders consist of 20,000 of Choco-Cake, 50,000 of Berry - Vanilla and 10,000 of Banana - Lemon. Each of cupcake cost $2 each and it costs $1.25 each cupcake. Half of sales were cash sales; the rest will be due within one year 5 18 On 15 of August 2021, to cope with a bigger order Cupcake war purchased new oven for $20,000 cash. The useful life is assessed as 10 years.. 6b On 1 September 2021, since the business slowing down Cupcake War purchases Facebook and Instagram advertising valued at $10,000 for advertising in both social media. Cupcake war paid this expense using a debit card from Bank of England. 7 8 On the same day, 100 boxes of biodegradable packaging were purchased for $50 each. Due to previous order, Cupcake War was given 90 days On 15 April 2022, a cupcake eating contest event raised $60,000 before deducting costs. The purpose of the event was to enable Cupcake War to purchase multiple delivery cars to deliver cupcakes in neighbouring suburbs. The cost of the event was $15,000 which was paid to the venue operator on that day. On 1 June 2022 Cupcake War paid the utilities bill for $7,000 for water, gas, and electricity usage. 9 10 On 30 June 2022, Cupcake War purchased a second-hand Holden Colorado for $40,000. Cupcake war takes 5-year loan for half of this purchase. The useful life is assessed as 10 years. Assets Liabilities Equity Transaction Description equal to plus Cash Accounts Receivable Inventory Equipment Motor Vehicle Account Payable long term loan Owners Equity Revenue Expense Expense Sub-Total of each account $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Liabilities $0 Assets $0 Grand total Equity $0