Question3 After six months of business, Sony bridal material shop had the following account balances Cash OMR10,500, Account Receivable OMR1,500, Office Supplies OMR750, Bridal dress OMR63,000, Account Payable OMR13,500, and Share Capital OMR62,250. The following transactions took place in the month of July 2016 2 JulyPurchased wedding gowns for cash 4 July Received wedding jewelry hire charges 6 July Paid shop rent 10 July Paid beautician salary 11 July Collected from customers for previous wedding make up 600 14 July Purchased office supplies for cash OMR 7,500 22,500 1,500 1,200 15 July 20 July 22 July 25 July 30 July Purchased hair accessories on credit Made part payment of purchases on July 15 Paid electricity bill Paid payables due at the beginning of the month Declared and paid dividends 300 3,000 1,500 450 6,000 i. Construct a table of assets, liabilities and owner's equity in equation form. (26 marks) i. Analyse the effects of the transactions on the accounting equation. (4 marks)