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Question 2 The following transactions were recorded in the first month of Dr....

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Accounting

Question 2
The following transactions were recorded in the first month of Dr. Ariq's business for Klinik Hidup Sihat:
\table[[May 2023,Transactions],[1,Started the business by investing RM50,000.],[5,\table[[Bought office equipment for RM12,500 on credit from Medical],[Products.]]],[\table[[8,1,1]],Paid RM2,250 for various medical supplies for the office.],[15,Received RM11,400 of fees earned during the first month operation.],[19,Paid amounts owing to Medical Products amounting to RM1,780.],[21,Withdrew RM1,500 for personal use.],[25,Paid RM2,000 for medical assistant salary.],[27,Paid RM3,500 for office rent.],[29,The cost of medical supplies used was RM1,700.],[30,Received a loan of RM15,000 from ALM Bank.]]
You are required to:
3
Analyse the effects of the above transactions on the accounting equation by using the format given below:
\table[[Assets,=,Liabilities,+,Owner's Equity],[,,,,]]
(10)
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