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Question 4 Wafee Consulting began its operations and completed the following transactions in November 2019: Nov-19 02 02 03 04 05 09 12 18 Wafee
Question 4 Wafee Consulting began its operations and completed the following transactions in November 2019: Nov-19 02 02 03 04 05 09 12 18 Wafee contributed RM20,000 as the business capital, in cash. Paid office rental, RM2,000. Paid cash for a computer, RM3,600. The equipment is expected to remain in service for 5 years. Purchased office furniture on account, RM3,000. The furniture should last for 5 years. Purchased office supplies on account, RM800. Performed consulting service for a client, Saiful Sdn Bhd on account, RM2,500. Paid utilites expenses, RM150. Performed consulting service for a client and received cash payment of RM2,100. Received RM2,400 in advance for a service to be performed in the future from client, Mr. Yap. (This increases the Unearned Revenue account - a liability). Paid RM200 for the office supplies on account. Hired an assistant with a salary of RM1,800 - salary to be paid on 15th day of each month. Collected RM400 for the service performed for Saiful Sdn Bhd. Wafee withdrew RM1,000. 21 26 27 28 30 Please prepare accounting equations for the above transactions
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