Following are the transactions of Mr. Hussan for the month of March 2021

1 Started business by investing cash OMR 10,000

2 Purchased Machinery for OMR 5000, paid OMR 3000 and the remaining will be paid in the future.

3 Provided cleaning services to a customer on account OMR 300.

9 Paid Utility bill OMR 60

12 Paid the balance amount of OMR 2000 for the Machinery bought on 2^ndMarch.

24 The Owner withdrew OMR 200 for personal use.

25 Provided services to customer OMR 580 and received OMR 90 and the customer

agreed to pay the remaining amount on 31^st March 2021

26 Purchased Car from Salalah Toyota for OMR 2500 on credit.

27 Paid for Car insurance for full one year OMR 120.

29 Purchased Equipment by cash OMR 200.

31 Received the remaining amount from the customer for service availed on credit on 25

March 2021

From the above transaction answer the following questions

1. Analyze the effect on accounting equation on transaction march 31:

2. What will be the effect on accounting equations on transaction march 3:

3. Identify the effect of liability on transaction march 2

4. Analyze the transaction march 26 on accounting equation:

5. Identify the effect on equity in transaction march 24