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NEED THIS ASAP PLEASE The following transactions have occurred during the month in EBA company: Januar y 1 EBA Start business with RM50,000 cash. 5

NEED THIS ASAP PLEASE

The following transactions have occurred during the month in EBA company:

Januar y

1

EBA Start business with RM50,000 cash.

5

Company Purchased supplies on account for RM1700.

7

The owner of the business took RM500 for his own use.

9

EBA company billed a customer RM1100 for the sold goods

1

4

Purchased supplies for cash, RM1,200.

1

6

The company sold goods for RM5,000

2

1

The company paid rent of RM3,500

2

4

Received balance amount from customers against sales on 9 January

2

6

Miscellaneous expenses during the month amounted toRM4,300

2

8

Paid RM1,000 for the supplies purchased on 5 January.

You are required to:

Determine the effect of each transaction on accounting equation.

Last date of submission 10th May, 2023

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