2. Dr. Rizal, a dentist, started his own business running a dental clinic on 1 January 2015. The business transactions for the month are as shown below: Date Transactions 1 Dr. Rizal started the business with AED200,000 initial capitals in the bank. Dr. Rizal purchased office furniture and fitting worth AED30,000 on credit from TSOP Office. Dr. Rizal purchased dental instruments for AED32,000 on credit from Gigi Enterprise. Dr. Rizal billed patients AED8,500 for services rendered, of which he received 16 AED2,500 in cash, and the balance was billed on account (due in 30 days). Paid utilities bills with AED1,500 cash. 28 Paid clinical assistants AED3,600 for salaries of January with cheques. 31 Required: Analyze the effects that each of these transactions will have on the accounting equation of the business. Organize your answer in tabular form. [Hint: (Assets + Expenses Liabilities+ Capitals + Revenues)] [3 marks]