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1: (5 Marks) Mohammed is the owner of a service company that provides consulting services and charges the clients for them. He uses a journal

1: (5 Marks) Mohammed is the owner of a service company that provides consulting services and charges the clients for them. He uses a journal to record his business transactions. Below are some of the transactions that occurred in March 2023. For each transaction, prepare the journal entry in SAR currency and explain the effect on the accounting equation. On March 1, Mohammed invested SAR 20,000 cash in his business to start operations. On March 5, the company bought office equipment worth SAR 10,000 on credit from a supplier. On March 9, the company provided consulting services worth SAR 5,000 for cash. On March 13, the company paid SAR 2,000 cash for rent and SAR 2,000 for internet bills

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