Question 3: FINANCIAL STATEMENTS (11 Marks)\ Transactions made by XYZ Co., a public accounting firm, for the month of October are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation:\ The company issued ordinary shares for

25,000cash

.\ The company purchased

7,000

of office equipment on credit.\ 3

Question 3: FINANCIAL STATEMENIS (11 Marks) Transactions made by XYZ Co., a public accounting firm, for the month of October are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation: 1. The company issued ordinary shares for 25,000 cash. 2. The company purchased 7,000 of office equipment on credit