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Company was started on August 1 by Fatima, A summary of the transactions of the business during the month of August is presented below. Required:

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Company was started on August 1 by Fatima, A summary of the transactions of the business during the month of August is presented below. Required: Using the Transaction Analysis Table provided, analyse the effect of the transactions listed below on extended Accounting Equation, 1. The owner invested AED35,000 cash and gave a personal computer worth AED5,000 to start his business 2. Purchase of equipment for AED 18,000. This was paid half in cash and the rest on account. 3. Paid AED6,000 cash for supplies. 4. Placed an advertisement costing AED 2,500 in the Gulldous on account. 3. Received AED1,000 in cash from customers for services performed AED100 of services is done in August, and the rest of the services will be done in December 6. Withdraw AED800 cash for personal use. 7. Paid utilities of AED 2,000 in cash & Provided services on credit to customers for AED2,350 9. Collected cash of AED1,000 for the services billed in transaction (8) above

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