Q.2.2 Classify the following items as an asset, liability, equity, income or expense by indicating the correct classification next to the question number. Land and Buildings Q.2.2.2 Advertising. Bank Overdraft Q.2.2.1 (1) (1) Q.2.2.3 (1) Q.2.2.4 Debtors. (1) Q.2.2.5 (1) Cash Float Profit on Sale of Asset Rent Income. EEEEEEEEEE Q.2.2.6 (1) Q.2.2.7 (1) (1) Q.2.2.8 Wages. 2.2.2.9 Loan from ABC Bank. Q.2.2.10 Drawings. (1) (1) (15) Q.2.3 U. Ugly opened a shop in September 2021 under the name of Ugly Traders. The following transactions took place: Day Transaction 1 Mr U. Ugly transferred R150 000 from his personal bank account to the bank account of Ugly Traders as an initial capital contribution Office furniture was bought from The Office Limited for R25 000 on credit. Paid R500 from Petty Cash for an advertisement in the local newspaper. Sold Inventory to the value of R65 000 in the month; customers paid via cash payments. Salaries for the month was paid via EFT, R20 000. Ugly Traders uses a periodic inventory system. 5 7 12 25 Required: Analyse the transactions above into the accounting equation. Clearly indicate the debit/credit account and increase or decrease in the element. Day E.G. Electricity was paid via the business bank account via EFT on the 4", R2 000 Assets - Owners Equity + Liabilities Dr Electricity -2000 4 Cr Bank -2 000