Question
The following transactions were recorded in the first month of Dr Ariq's business for Klinik Hidup Sihat:
tableMay TransactionsStarted the business by investing RMtableBought office equipment for RM on credit from MedicalProductstablePaid RM for various medical supplies for the office.Received RM of fees earned during the first month operation.Paid amounts owing to Medical Products amounting to RMWithdrew RM for personal use.Paid RM for medical assistant salary.Paid RM for office rent.The cost of medical supplies used was RMReceived a loan of RM from ALM Bank.
You are required to:
Analyse the effects of the above transactions on the accounting equation by using the format given below:
tableAssetsLiabilities,Owner's Equity
