Show the effect of the given transactions on the accounting equation.

1. 1 · Draw the grid. One column per asset, then an equals sign, then liabilities and capital.
2. 2 · Enter each transaction on its own line. At least two entries per line, each with + or −.
3. 3 · Label every change in capital. Write profit, expense, income or drawings beside it.
4. 4 · Total each column. Show the working for cash, which has the most entries.
5. 5 · Prove the balance. Total assets = total liabilities + capital.

Scoring tip: Rule the columns neatly and keep the + and − signs; examiners mark the layout.