Part A: Understanding of Business Transactions in the Accounting Process Based on Basic Accounting Equation The Ahmad Holdings Incorporation have hired an accountant for maintaining the records of the company following business transactions using balancing accounting equation concept. The following transactions were completed during the month. Analyze the below given business transactions by using tabular analysis format for Ahmad Holding and record them by using basic and expanded accounting equation. 1. Invested $15,000 cash to start the agency. 2. Paid $600 cash for April office rent. 3. Purchased equipment for $3,000 cash. 4. Incurred $700 of advertising costs in the Daily Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services of total worth $10,000: $3,000 cash is received from customers, and the balance of $7,000 is billed to customers on account. 7. Withdrew $600 cash for personal use. 8. Paid Daily Tribune $500 of the amount due in transaction (4). 9. Paid employees' salaries $2,500. 10. Received $4,000 in cash from customers who have previously been billed in transaction (6).