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Record the following transaction in accounting equation Mrs. Max started a software developing company with SR 75,000 cash investment on 01.02.2020. The following information
Record the following transaction in accounting equation Mrs. Max started a software developing company with SR 75,000 cash investment on 01.02.2020. The following information is related for the month of Feb 2020. 1. The company purchased SR 30,000 worth of office equipment for cash. 2. The company purchased SR 10,000 worth of furniture for credit. 3. The company spent SR 12,000 for advertising on credit. The money will be paid later 4. The company paid SR 2,300 for salary by cash 5. The company developed two software and received SR 105,000 as income by cash and SR 25,000 is receivable. 6. Mrs. Max withdrew SR 20,000 cash for her personal expenses.
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