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Question 3 Joanne Wong recently opened her own accounting firm, Joanne Wong & Co. The following summarizes the events of Joanne Wong & Co. during
Question 3 Joanne Wong recently opened her own accounting firm, Joanne Wong & Co. The following summarizes the events of Joanne Wong & Co. during its first month of operation: Mar-17 01 02 06 07 10 11 12 18 25 27 30 31 Joanne deposited RM65,000 as a capital in a new business bank account. Hired an account assistant with the salary of RM2,000. To be paid by the end of the month. Paid RM300 cash for the firm's letterhead (Office Supplies). Purchased office furniture for the office on account, RM6,800. Consulted with tax client and received RM3,300 for services rendered. Paid utilities, RM100. Performed an accounting service and billed a client, Teroka Sdn Bhd, RM12,500. Paid office rent, RM1,000. Received amount due from client that was billed on 12 March Paid full amount of accounts payable created on 7 February. Paid the salary of account assistant. Joanne withdrew cash of RM3,000. Please prepare accounting equations for the above transactions
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