Question 2 Akma runs a boutique shop in Desa Semarak Muadzam. She started business on 1 Aug 2020 by paying RM45,000 into newly opened bank account. Below are related transactions for the first month operation: Aug 02 Bought goods for resale on credit from Cempaka Butik RM3,330 Bought Furniture and Fittings by cash RM4,800 04 Purchased goods for resale for cash RM3,500 07 Bought van on credit from Top Marks Sdn Bhd for RM22,000 08 Bought goods for resale on credit from Jakel for RM12,000 11 Borrowed RM10,000 from MARA and made first payment to Top Marks RM6,000. 14 Sold all the goods she bought on 4 Aug for cash RM5,000 15 Paid staff wages by cheque RM880 16 Sold half of the goods bought on 8 Aug to Optime on credit RM8,000 17 Akma allow her cousin, Mira to join the business and she brought RM7,000 of her own money into the business, which is used to pay part of the amount owed to TopMarks. 18 Due to Mira carelessness, a potential client, Datin Leen fell and broke her arm. Datin Leen threatened to sue the boutique and Akma promised to pay RM3,000 for medical treatment. 25 Paid rent by cash RM1,200 28 Paid office maintenance by cheque RM550 Required: Show how each of the above transaction affects the accounting equation and how the balance sheet identity would appear after each transaction. Date Effect On Accounting Equation Assets Liabilities Owner's Equity 1 Building 1 BIMB loan 0 RM150,000 RM150,000 Balance Sheet Position Assets Liabilities Owner's Equity RM150,000 RM150,000 E.g