Question
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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