3. Travis Ng incorporated a dental practice, TN Dentalcare Pte Ltd, on 1 January 20X1. During January 20X1, the following transactions took place: Date Transaction Jan 6 Travis invested $40,000 in the business, which in turn issued ordinary shares to him. Jan 9 Jan 12 Jan 31 The business paid $25,000 for dental equipment. The business purchased $16,000 of dental supplies inventory on credit. The business borrowed a loan of $18,000. The business paid $1,100 for the dental supplies inventory that was earlier purchased on credit. Jan 31 During the month, the business earned service revenue of $7.700. As some procedures are costly, credit was allowed to some patients and these patients are given 60 days to pay for the services. For the month of January, cash was collected for half the service revenue earned. During the month, the business also made the following cash expenses $800 for employee salaries. $800 for office rental and $200 for utilities. Assume that TN Dentalcare Pte Ltd adopts the perpetual inventory system. puluto nu se pallents are given bu days to pay for the services. For the month of January, cash was collected for half the service revenue earned. During the month, the business also made the following cash expenses $800 for employee salaries, $800 for office rental and $200 for utilities. Assume that TN Dentalcare Pte Ltd adopts the perpetual inventory system. (a) For all the above transactions, analyse the effects on the accounting equation, Assets = Liabilities + Equity, and prepare the necessary journal entries. (Partial Answer Key: Net effect on Assets = $78,800; Net Effect on Liabilities = $32,900) (b) Who are the stakeholders, current and potential, and what are their interests in the financial information of the dental practice? h