Ex 2 Manar decides to open a cleaning service that will operate as a corporation. The following transactions took place during the month of September. Required: Analyze the transactions on an accounting equation No Equity Assets = Liabilities 1 Transactions Manar Corporation issued $50,000 shares to start a cleaning business on September 1. 2 Purchased office furniture for $20,000; paid $3,000 cash and sign a note payable for the remainder 3 Received cash from customers for services provided, the amount is $5,000 4 Received a bill for utilities expenses, the amount is $200. 5 Earned $8,000 for services performed; received $2,000 cash and the remainder on account 6 Paid salary expenses of $ 6,500 7 Paid $3,000 for office furniture purchased in transaction 2 Purchased office supplies for $1,200 on account. 8 9 Received $3,000 from customer on account 10 Paid dividend of $1,300 cash Ex 3 The following information was recorded on the books of Dima Company that provide accounting services to its customers: Required: Analyze the transactions on an accounting equation = Asset Liability Equity Transactions Shareholder invested $200,000 to start the business Purchased office computer worth $5,000 on account Performed services for $50,000, receive $3,000 cash and remainder on account Incurred advertising expenses of $10,000 Received $20,000 advanced cash for services to be performed next month. Paid for the computer purchased in transaction 2. Borrow $50,000 cash from bank Paid $20,000 cash dividend to shareholders Paid $5,000 salary to employees Received $20,000 from services performed in transaction 3 Purchased a two years insurance for $24,000 cash Received $40,000 from customer for services performed