Hashem started a business that offers legal services on 1 December 2019. The following are transactions occurred during...

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Accounting

Hashem started a business thatoffers legal services on 1 December2019. The following are transactions occurredduring the month of December2019:
Hashem brought in RM50,000 cash and office equipmentsworth RM12,000 into the business.
Bought a car for his own use worth RM112,000 by payingcash (company’s money) of RM12,000 and signing a note payable forthe balance.
Provided legal services to a client worth RM7,000 andreceived cash of RM3,000 from the client.
Purchased office supplies worth RM2,000cash.
Paid RM700 cash for advertising expenses for the monthsof December2019.
Sent a bill totaling RM5,000 to a client for the legalservice provided and yet to receive payment.
Received RM3,000 cash as an agreement to start work asa legal advisor for a company starting February 2020.
Paid RM3,600 cash for employees’ salary.
Paid RM2,400 cash forDecember office rental.
As at 31 December2019, the office supplies used isRM400.
Based on the aboveinformation, you are requiredto:
Show the effects of all the above transactions in theaccounting equation

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Assets Liabilities Owners Equity Revenues Expenses No Transaction Cash Office Equipment Office supplies Accounts receivable Unearned service revenue Notes Payable Capital 1 Hashem brought in RM50000 cash and office equipments See Answer

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