Abdullah decides to open a cleaning and laundry service near the local college campus that will operate as a sole proprietorship. Analyze the following transactions for the month of June in terms of their effect on the basic accounting equation.

Transactions

(1)Abdullah invests SAR. 20,000 in cash to start a cleaning and laundry business on June 1.

(2)Purchased equipment for SAR. 5,000 paying SAR. 3,000 in cash and the remainder due in 30 days.

(3)Cash receipts from customers for cleaning and laundry amounted to SAR. 2,400.

(4)Paid salaries of SAR. 600 to student workers.

(5)Abdullah withdrew SAR. 1,500 from the business for living expenses.