1 Mr Tan started Kaya-Raya Wealth Management, a new financial planning business that commence operations on the first day of September 2019. Kaya-Raya Wealth Management completed th following transactions during its first month of operation. Sept 1 Mr Tan invested RM120,000 cash into the business. The business rented a fully furnished office in Sunway Pyramid and paid RM6,400 cas for September's rent. 2 The business purchased RM3,360 worth of office equipment on credit from Furniture. 3 The business paid RM1,600 cash for cleaning services for the month of September. 8 The business provided financial consulting services to a client and immediately collected RM5,500 cash. 10 The business provided financial consulting services costing RM3,000 to a client on credit. 14 The business paid RM800 cash for an assistant's salary for the first half of September. 21 The business received RM3,000 cash payment for the services provided on September 10. 23 The business provided financial consulting services on credit for a fee of RM4,800. 26 The business received RM4,800 cash payment for the services provided on September 23. 27 The business paid SK Furniture RM3,360 cash for the office equipment bought on September 2 28 The business purchased RM450 worth of advertising in The Star Newspaper on credit; cash payment is due on October 1. 28 The business paid RM800 cash for an assistant's salary for the second half of September 29 The business paid RM390 cash for its September telephone bill. 29 The business paid RM1,080 cash to settle the utility bills for September. 30 Mr Tan withdrew RM2,000 cash from the business for personal use. (a) The following are the titles of the asset, liability and equity accounts used to record the transactions of Kaya-Raya Wealth Management in its first month of operation: Cash; Account Receivables: Office Equipment: Account Pavables: Mr Tan. Capital: Mr Tan Withdrawals: Revenue; Expenses. Arrange the account titles in a table similar to the table in Figure 2.8. b) Show the effects of the transactions on the components of the accounting equation by recording the increases and decreases in amounts in the appropriate columns. Determine the final total for each account and verify that the accounting equation is balanced. (c) Prepare the Statement of Profit or Loss, Statement of Changes in Equity, Statement of Financial Position and Statement of Cash Flows for the month ended 30 September 2019 for Kaya-Raya Wealth Management