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T2.5 Joe Malek established a tuition centre on I February and completed the following transactions during February: (0) Opened a business bank account with RM10,000 cash (ii) Bought office equipment for RM3,000 in cash (iii) Purchased supplies on credit, RM1,.850 (iv) Received cash from tuition fees carned, RM14,500 Paid utilities expenses for the month, RM1,560 and miscellaneous expenses, RMS00 (v) Paid teachers and otfice salaries, RM8,000 (vi) The cost of supplies used was RM1,300 (vii) Billed students for fees earned, RM6,700 (vii) Withdrew cash for personal use, RM1,500 Required: Indicate the effect of each transaction and the balance after each transaction, using the following tabular format: Cash+Tradereceivables+Kquipment+SupplieAuets=TradepayableLiabilities+loeMalik,CapitalOwnerfequity By appropriate notation at the right of each charge, indicate the nature of each increase and dectease in ownetivequity, le. revenue, expenses or drawings