Ex 2 Manar decides to open a cleaning service that will operate as a corporation. The following transactions took place during the month of September. Required: Analyze the transactions on an accounting equation No Transactions 1 2 3 4 5 6 7 8 Manar Corporation issued $50,000 shares to start a cleaning business on September 1. Purchased office furniture for $20,000; paid $3,000 cash and sign a note payable for the remainder Received cash from customers for services provided, the amount is $5,000 Received a bill for utilities expenses, the amount is $200. Earned $8,000 for services performed; received $2,000 cash and the remainder on account Paid salary expenses of $ 6,500 Paid $3,000 for office furniture purchased in transaction 2 Purchased office supplies for $1,200 on account. Assets = Liabilities Equity 9 10 Ex 3 Received $3,000 from customer on account Paid dividend of $1,300 cash The following information was recorded on the books Dima Company that provide accounting services to its customers: Required: Analyze the transactions on an accounting equation Transactions Shareholder invested $200,000 to start the business Purchased office computer worth $5,000 on account Performed services for $50,000, receive $3,000 cash and remainder on account Incurred advertising expenses of $10,000 Received $20,000 advanced cash for services to be performed next month. Paid for the computer purchased in transaction 2. Borrow $50,000 cash from bank Paid $20,000 cash dividend to shareholders Asset = Liability Equity Paid $5,000 salary to employees. Received $20,000 from services performed in transaction 3 Purchased a two years insurance for $24,000 cash Received $40,000 from customer for services performed.