Question 1 (15 marks) Read the information below and answer the questions that follow: The following transactions took place in the books of Freezer Stores during the month of June: The monthly fee paid to a local insurance company was R5 250. The company bought inventory worth R10 200, on credit, from the local supplier. A loan of R50 000 was obtained from the local bank. Freezer paid a rental amount of R8 400 for the month. Salaries paid to employees amounted to R15 000. Depreciation on a delivery vehicle amounting to R6 000 should be provided for. Required: Using the table below, indicate the effects of the transactions above on the accounting equation of Freezer Stores for the month of June. Freezer Stores uses the periodic inventory system. (15) Example: 1. Example: 1. A new vehicle costing R200 000 was bought on credit.

No.	Accounts affected	Assets		Owners equity		Liabilities
		+	-	-	+	-	+
Example	Vehicle, creditors	R200 000					R200 000