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Hasaz started a business that selling pillows on 1 December 2019. The following are transactions...

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Accounting

Hasaz started a business that selling pillows on 1 December 2019. The following are transactions occurred during the month of December2019:

  1. Hasaz brought in RM50,000 cash and office equipment worth RM12,000 into the business.

  2. Bought a car for his personal use worth RM112,000 by paying cash (businesss money) of

    RM12,000 and signing a personal loan for the balance.

  3. Sold pillows to a client worth RM7,000 and received cash of RM3,000 from the client.

  4. Purchased office supplies worth RM2,000 cash.

  5. Paid RM700 cash for advertising expenses for the months of December2019.

  6. Sent a bill amounting RM5,000 to a client for sold pillows. Payment has not been received

yet.

  1. Received commission worth RM2,500.

  2. Paid RM3,600 cash for employees salary.

  3. Paid RM2,400 cash for December office rental.

  4. As at 31 December 2019, the office supplies used is RM400.

Based on the above information, you are required to:

Show the effects of all the above transactions in the accounting equation

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