Kere Steve runs has company as sole-proprietorship. He invested AED 25,000 invested cash in the business at the taha of March. His company provides transport services. The following transactions occurred in April.

T. A Truck was purchased for transport services, at AED 200,000 on the account.

2. Diesel was paid AED 3,000 in cash for April.

3. Earned AED 150,000 for services provided: Cash of AED 50,000 is received from customers, and the baler AED 100,000 is billed to customers on account. 3.

4. Received Cash in Advance from the customer for the transport of goods for 6 months., ED 24,000.

5. Collected Cash from customers, AED 70,000. transaction 3rd)

6. Personal withdrawal in cash, AED 5000.

7. Hired an accountant who will start working in May for 20,000 AED. Instructions:

Prepare a tabular analysis of the TEMPTEMPeffect of each transaction on assets, liabilities stockholders' equity in the accounting equation at the end of April. Determine the ending balances. 1. What was the result of the operations for the month of April? 2. Prepare the statement of Owners Equity

A Name of Cash Ace Ree teh accounts trucks Liabilities Owners stulty Ace Pay Unean Capital Drawings revenue 200,000 43,000 7 200,000 +3000 3 4 +150,000 +24,000 +50,000 +100,000 +24,000 +70,000 -70,000 -5,000 5 EB Total Assets Total L + OE =197000 +OE=197000