Accounting equation format for analyzing business transactions

Accounting equation format for analyzing business transactions


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9.Please be sure to keep the receipt you received when you submitted your assignment as proof of submission. Failure to provide a Submission Acknowledgment in the event of an assignment submission will be deemed not to have been submitted. Details of the commercial transactions made in the first month

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The purpose of this assignment is to improve the learner’s skills in using accounting equations to analyze business transactions, post journal entries to the general ledger, and prepare financial reports.

On July 1, 2017, Saiful decided to set up its own computer services company. He named the company. During the first month, Cyful made the following deals:

Date transaction
July 1

1: RM45,000 of savings invested in company.
2 He paid RM12,000 for a multi-system trading computer.
3 He paid RM6,000 for office equipment from Modern Furniture Trading.
4 Purchase office supplies with RM2,500 credit.
I paid RM4,000 for rent for 8 July. Fixed 10 computers for customers and collected RM2,500 in cash.
He collected RM2,000 from the customer for labor cost of 14 system upgrade.
18 Unpaid electricity bill RM850.
27 Raised RM1,200 for the provision of services to Taylor Golf Trading.
31 Withdrew RM1,000 from my wife Anita to take her to the opening ceremony of the new company. need:
View the impact of each trade and the balance after each trade in the form of accounting equations.
(Total/Jumla: 12)

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