Photos - Q2.png _ .. See all photos + Add to Edit & Create UP QUESTION 2 (12 MARKS) Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows: Description November 1 SMCS invested cash in the business with a deposit of RM200,000 in the business bank account. November 5 Purchased land paying cash of RM35,000 November 9 Paid rent for the month of RM4,000 November 11 Charged customers for dry cleaning revenue on account, RM72,000 November 16 Purchased supplies on account, RM8,000 November 21 Provide dry cleaning service for customers and receive cash on the same day, RM38,000 November 24 Received cash from customers on account, RM70,000 November 27 Paid the following expenses: wages expenses RM24,000, truck expenses RM2,100, utilities RM1,800 and miscellaneous expenses RM1,300 November 29 Withdrew RM5,000 for personal use. REQUIRED: Show the effect of EACH TRANSACTION on the accounting equation using the following format (show accounts name that may affect owners' equity): - LIABILITIES OWNER'S EQUITY Type here to search o w a a 1:38 AM 11/20/2020 Photos - Q2.png _ .. See all photos + Add to Edit & Create UP QUESTION 2 (12 MARKS) Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows: Description November 1 SMCS invested cash in the business with a deposit of RM200,000 in the business bank account. November 5 Purchased land paying cash of RM35,000 November 9 Paid rent for the month of RM4,000 November 11 Charged customers for dry cleaning revenue on account, RM72,000 November 16 Purchased supplies on account, RM8,000 November 21 Provide dry cleaning service for customers and receive cash on the same day, RM38,000 November 24 Received cash from customers on account, RM70,000 November 27 Paid the following expenses: wages expenses RM24,000, truck expenses RM2,100, utilities RM1,800 and miscellaneous expenses RM1,300 November 29 Withdrew RM5,000 for personal use. REQUIRED: Show the effect of EACH TRANSACTION on the accounting equation using the following format (show accounts name that may affect owners' equity): - LIABILITIES OWNER'S EQUITY Type here to search o w a a 1:38 AM 11/20/2020