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Joe Malik. Please give Accounting Equation based on transaction 1- Joe Malek established a tuition center on 1 February and completed the following transactions during

Joe Malik.
Please give Accounting Equation based on transaction
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1- Joe Malek established a tuition center on 1 February and completed the following transactions during February: February 1 Opened a business bank account with RM10,000 cash. 3 Bought office equipment for RM3,000 in cash. 5 Purchased supplies on credit, RM1,850. 10 Received cash from tuition fees earned, RM14,500. 14 Paid utilities expenses for the month, RM1,560 15 Paid miscellaneous expenses for the month, RM500. 18 Paid teachers and office salaries, RM8,000. 24 The cost of supplies used was RM1,300. 27 Billed students for fees earned, RM6,700. 28 Withdrew cash for personal use, RM1,500. Required: i. Indicate the effect of each transaction and the balance after each transaction, using the following tabular format: Assets=Liabilities+Ownersequity

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