PART TWO: PROBLEM SOLVING 11. Al Zeina Company was started on August 1 by Fatima. A summary of the transactions of the business during the month of August is presented below. Required: Using the Transaction Analysis Table provided, analyses the effect of the transactions listed below on the extended Accounting Equation. 1. The owner invested AED35,000 cash and gave a personal computer worth AEDS,000 to start his business 2. Purchase of equipment for AED 18,000. This was paid half in cash and the rest on account. 3. Paid AED6,000 cash for supplies. 4. Placed an advertisement costing AED 2,500 in the Guld cut on account, 5. Received AED 1,000 in cash from customers for services performed. AED400 of services is done in August, and the rest of the services will be done in December 6. Withdraw AED800 cash for personal use. 7. Paid utilities of AED 2,000 in cash. 8. Provided services on credit to customers for AED2,350. 9. Collected cash of AED1,000 for the services billed in transaction (8) above. I 209 words X Focus DOCX -DOCX 6- PRACTICE SI