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Record the above transactions by using accounting equation. March 1 Idris(theowner's)deposits RM25,000 in a bank account in the name of NetSolutions 3 Purchase of Land

image text in transcribed Record the above transactions by using accounting equation. March 1 Idris(theowner's)deposits RM25,000 in a bank account in the name of NetSolutions 3 Purchase of Land RM20,000, Paying cash RM8,000 and signing a loan RM12,000 5 Buying Suppliers RM1,350 and agreeing to pay in the near future 7 Earning fees RM7,500 and receiving the amount in cash 8 Expenses during a month were as follows; wages RM2,000, Rent RM1,000 paying by cash 15 Paying RM950 to creditors in cash 25 Idris Ismail withdraws RM2,000 in cash from the briness for personal use

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