Sualihu Ltd had the following selected transactions:

1. Sualihu Ltd invested AED4,000 in the business in exchange for ordinary shares.

2. Paid office rent of AED1,100

3. Performed consulting services and billed a client AED5,200.

4. Declared and paid a AED700 cash dividend.

Required to:

[a] Indicate the effect each transaction has on the accounting equation [Assets=Liabilities + Equity] using plus and minus signs. [b] Journalize each transaction.