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On 1st April 2021, Jazni established an interior decorating business, JazniDeco. During the month, the following transactions have occurred: 2021 5 June 7 Purchases
On 1st April 2021, Jazni established an interior decorating business, JazniDeco. During the month, the following transactions have occurred: 2021 5 June 7 Purchases equipment on account for RM3,500 Receives RM2,800 cash from a customer for services rendered 10 Paid in full, with cash, for the equipment purchase on June 5 11 Cash sales worth RM1,000 14 Owner took RM150 cash from the business for his daughter's school fees 17 Receives RM4,000 cash in advance from a customer for services not yet rendered 18 Received cheque for sales worth RM7,600 22 Received a cheque of RM5,000 from Arrogant Furniture Enterprise. 25 Owner withdrew goods amounted RM150 for personal use 30 Paid salaries of employees for June, RM5,000. Required: Determine the effect of each transaction on accounting equation.
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