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i need help Mr. David is a licensed dentist. In January 2021, the first month of the operation of his business, the following events and
i need help
Mr. David is a licensed dentist. In January 2021, the first month of the operation of his business, the following events and transactions occurred. Jan 1 The owner invested RM30,000 cash in his business 3 Paid office rent for the month, RM1.100. Purchased dental equipment from Dentcare company RM4,200. Paid a deposit of 4 RM1,200 by cheque and the balance is payable next month. 10 Billed customers RM5.100 for dental services performed. 20 Received 2.100 cash for dental services performed. 25 Received a bill for utilities. RM2.300. The bill will be paid next month. 31 Mr. David withdrew cash of RM2,000 for his own use. Required: Show the effects of the transactions on the accounting equation using the following format. Please indicate in the following form the amount and the name of the account affected. Please write your answer in the provided table below. Date ASSETS Increase Decrease 30,000 Cash LIABILITIES Increase Decrease OWNER'S EQUITY Increase Decrease 30,000 capital Example Jan / 3 4 10 20 25 31 Total TOTAL Step by Step Solution
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