Huzaifa has started his own business, Huzafa's Financial Services. The following transactions took place in the business in the first month's operation: 1. Invested Taka 60,000 cash and Taka 5,000 worth of Office Furniture in to the business. 2. Performed service for Mohammad Co Taka 6,000 and received the money. 3. Purchased Equipment on account Taka 8,000 from Best tools. 4. Paid Utility expense for the month Taka 300 5. Advertising expense due for the current month Taka 500 6. Huzaifa withdrew Taka 400 for personal use. 7. Paid Tk. 9,500 cash for office rent. 8. Paid Tk.6,000 for one-year fire insurance policy. 9. Purchased supplies Taka 2500 on account. Analyze the above transactions in terms of their effect on the basic accounting equation. Record each transaction by increasing (+) or decreasing (-) the amount of each item affected. Use the following column headings: Cash, office furniture, Prepaid insurance, Supplies, Office Equipment, Accounts payable, Capital, withdrawal, Revenue, Expense. [18.75 marks]