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Apr 22 Received RM2,300 of cash from customers for the service rendered. You are required to: Analyse the effects of the above transactions on the
Apr 22 Received RM2,300 of cash from customers for the service rendered. You are required to: Analyse the effects of the above transactions on the accounting equations using the format given below: + Liabilities Owner's Equity 11 Assets (10) (Total : 20 marks) Question 3 (CLO 1) Zahrah opened a laundry shop, Clean Laundry Shop on 1 April 2020. The following transactions were recorded in the first month of the business: Date Apr 1 Transctions Zahrah started the business and invested RM41,000 in cash into the business. Apr 2 Apr 5 Bought a fax machine for RM500 by cash. Bought office equipment for RM5,000 from Quick Store. The laundry shop paid RM2,500 and the balance is on credit. Apr 6 Apr 7 Apr 15 Bought office furniture on credit from Furniture Dream for RM1,900. Paid rental expense of RM700 by cash. Paid RM200 by cash for telephone expense. Zahrah withdrew cash of RM1,500 from the business for personal use. Paid the amount owing to Furniture Dream of RM1,900 by cash. Apr 20 Apr 21
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