1. Analyze each of the following transactions and show the effect on the accounting equation. a. Provide services to customers on account for RM44,000. b. Purchase equipment by signing a note with the bank for RM36,000. c. Repay RM29,000 of the note in (b) above. d. Pay utilities of RM4,400 for the current month. 2. Analyze each of the following transactions and show the effect on the accounting equation. a. Invested in the company: cash of RM32,000 and furniture valued at RM12,000 b. Purchase land for RM19,000. c. Purchase equipment for RM8,000 cash. d. Receive cash of RM12,000 in rental fees for the current month. e. Purchase office supplies for RM2,000 on account. f. Pay employees RM6,000 for the first month's salaries. 3. The following transactions occurred during March 2023 for the Right Corporation. The company operates a wholesale warehouse. i. Invested RM440,000 cash as capital. ii. Purchased equipment at a cost of RM68,000. Cash of RM17,000 was paid the balance is on credit. iii. Purchased inventory on account at a cost of RM134,000. iv. Sold goods for credit totaled RM190,000. v. Paid RM6,000 in rent on the warehouse building for the month of March. vi. Paid RM6,850 to an insurance company for fire and liability insurance. vii. Paid RM114,000 on account for the inventory purchased in transaction 3. viii. Collected RM85,500 from customers on account. ix. Recorded depreciation expense of RM1,700 for the month on the equipment. Required: a. Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. b. Record into journal c. Post to ledger and prepare trial balance d. Prepare statement of profit or loss and statement of financial position 4. Halogen Laminated Products Company began business on January 1, 2023. During January, the following transactions occurred: January 1 Started the business with cash of RM112,000 as capital. 2 Purchased inventory on credit for RM33,000 4 Paid an insurance company RM2,160 for a one-year insurance policy. 10 Sold inventory on account for RM11,800. 15 Borrowed RM28,000 from a local bank. 20 Paid employees RM5,800 salaries for the first half of the month. 22 Sold inventory for RM9,800 cash. 24 Paid RM14,800 to suppliers for the inventory purchased on January 2. 26 Collected RM5,900 on account from customers. 28 Paid RM1,000 to the local utility company for January gas and electricity. 30 Paid RM3,800 rent for the building. Required: a. Analyze each transaction and show the effect of each on the expanded accounting equation for a corporation. b. Record into journal c. Post to ledger and prepare trial balance d. Prepare statement of profit or loss and statement of financial position 5. The following is the post-closing trial balance for the Whitlow Resources as of December 31, 2022. The following transactions occurred during January 2023: January 1 Sold inventory for cash, RM4,500. 2 Purchased equipment on account for RM6,500 from the Strong Company. 4 Received a RM200 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. 8 Sold inventory on account for RM6,000. 10 Purchased inventory on account for RM10,000. 13 Purchased equipment for cash, RM900. 16 Paid the entire amount due to the Strong Company. 18 Received RM6,000 from customers on account. 20 Paid RM900 to the owner of the building for January's rent. 30 Paid employees RM4,000 for salaries for the month of January. 31Mr White, the owner has withdrew a cash amounted to RM900 for his personal use