Q.9 Using the Transaction Analysis Table provided below, analyze the effect of the transactions listed below on the extended Accounting Equation and compute the total (16 marks.) On May 1: Ahmed started his own business, by investing AED 80,000 cash and equipment valued at AED 20,000 May 2. Provided services to his first customer and received a cash payment of AED 7,000. May 3: Purchase AED 2,000 of supplies on account May 4: Pay AED 50,000 to rent an office for six months May 5: Provided services to another customer and sent a bill for AED 9,000. May 8: Paid for the supplies purchased on May 3 May 9: Paid his employees AED 20,000 in salaries May 10: Received AED 2,500 in cash from customers who have been billed on May 5. May 11 Received AED 15,000 from a client for services to be provided next month. May 12: Paid utility expenses for AED 2,000, Solution: Cash Supplies Assets Office Equipment Liabilities Payable Prepaid Rent Receivables Date May 1 May 2 May 3