Sudhir Lodh started his own consulting firm, SL consulting, on 1 August 2021. The following transactions occurred during the month of August.

Nov 1

Sudhir invested $90,000 cash in the business.

2

Paid $8,000 for Office rent for the month.

5

Paid $1,350 to advertise in the Sydney and Melbourne News

9

Received $40,000 cash for services performed

12

Sudhir withdrawn $10,000 cash for personal use.

15

Performed $54,000 of services on account.

17

Paid $25,000 employee salaries

Show the effects of the above transactions on accounting equation using the following format. (You must use the template provided)

(Total 4 marks 0.5 mark for each correct item and 0.5 mark to show the total)