Dahlia Arts, owned by Dahlia Sulaiman, has been in business since June 2021. It rents a ully furnished studio in a mall for drawing and creating arts based on customers' request. As at 1 July 2021, the business has the following accounts' balances: Office equipment RM2,200, Bank RM5,600, Debtor RM2,000, Arts supplies RM4,500, Rent expense RM1,200 and Creditor RM3,200. The followings are the transactions of the business in he month of July 2021. July-2 Dahlia transferred cash amounted to RM5,000 from her personal account to Dahlia Arts' account as additional investment in her business. July-5 Issued an invoice amounted to RM3,500 to a customer for a portrait made of the customer. July-10 Purchased art supplies worth RM6,000 from Quantum Art Supplies and paid RM3,000 cash while the balance will be paid next month. It is the policy of the business to record art supplies as an asset at the point of purchase. July-15 Received RM7,000 cash for completing a mural on a municipal council office's wall. July-24 Paid RM1,200 cash for payment of rent for the studio. July - 30 Dahlia withdrew RM1,200 from the business account for personal use and took RM200 worth of art supplies to be given to her niece as a gift. July - 31 It is determined that the art supplies on hand was at RM4.300 iii. Determine the capital of Dahlia Arts as at 1 July 2021. iv. (4 marks) For each transaction in Dahlia Arts above, identify its effect on the accounting equation by determining whether the relevant element is increasing or decreasing. The first transaction has been done for you. Date ASSETS LIABILITIES (3 marks) EQUITY Increasing RM5,000 V. July 2 Increasing RM5,000 Show the journal entries for the transactions from July 5 to July 31 for Dahlia Arts. (7 marks)