After several month of planning, Sally started a haircutting business called Barber Hipster. The following events occurred during its first month: a. On 1 Jan, Sally invested RM3,000 cash and RM15,000 of equipment in Barber Hipster. b. On 2 Jan, Barber Hipster paid RM600 cash for furniture for the shop. c. On 3 Jan, Barber Hipster paid RM500 cash to rent space in a mall for January d. On 4 Jan, it purchased RM1,200 of equipment on credit for the shop (using a long-term note payable) e. On 5 Jan, Barber Hipster opened for business. Cash received from services provided in the first week and a half of business (ended 15 Jan) is RM825. f. On 15 Jan, it provided RM100 of haircutting services on account g. On 17 Jan, it received a RM100 check for services previously rendered on account h. On 17 Jan, it paid RM125 cash to an assistant for working during grand opening. i. Cash received from services provided during the second half of January is RM930 j. On 31 Jan, it paid a RM400 installment toward principal on the note payable entered into on 4 Jan. k. On 31 Jan, Sally made a RM900 cash withdrawal for personal use.

Required: Show the effects of each transaction using the accounting equation.