Principle of accounting

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Assignment - 01 Mr. Kareem commences his business on Jan, 1, 20x1 with the following assets under the name and style 'AL Kareem Consulting & Co., ', a VAT Consulting business. Cash AED 50000: Motor Car AED 50000; Furniture AED 10000 Review of the book of Al Kareem Consulting & Co., for the month Jan, 20xl reveals the following. Date Transaction / Event 01 Employs two assistants, who will be paid salary of 5000 cach per month 02 Deposits 20000 and opens a Checking account with ENBD. 03 Buys Stationery for 200 Takes an office on lease and enters into Lease Agreement with Landlord and pays $000 as security deposit. Rent of the office is 2000 per month, payable at the end of each month. 04 Pays 1000 towards VAT Training Programs to be attended by his VAT Assistants 05 Fills his car fuel tank. Fuel cost 100. Bought a Lenovo Laptop for AED 2500. 07 Completes some professional work for few of his clients. VAT Registration service rendered AED 5000. Tax Return Service AED 15000. Fees relating to VAT Registration Service have been collected in cash. Customers to whom VAT Return Service was rendered are: Ford Motors: 3000: Lulu 5000: Etisalat: 2000: DEWA: 2000 Others: 3000. Service to Etisalat and DEWA were rendered on account Incurs Legal Expenses 2000. 31 Service rendered to other clients during the month. VAT Registration: 20000 VAT Return Service 10000 and VAT Consulting 10000. VAT Registration and VAT consultation service were rendered against Cash. 31 SEWA for the month amounts to 700, paid in cash. Salaries were paid. Rent is due by the end of the month. Stationery and other office expenses amounting to 500 and 750 were paid in Cash Analyse the transactions and prepare a Table showing the impact of the transactions in Terms of Cash, Other Assets, Liabilities, Equity, Revenue and Expenses