Question: Please answer in proper format with all working clearly QUESTION 1 (Accounting Equations] 0n 1 January 2022 Ms. Kayitha established Kayitha Enterprise and the transactions

Please answer in proper format with all working clearly

QUESTION 1 (Accounting Equations] 0n 1 January 2022 Ms. Kayitha established Kayitha Enterprise and the transactions for the whole of January are as follows: Open a bank account with cash savings of RM10,000. Purchased supplies on credit amounting to RM2,500. Paying debts, RM1,700. Received cash of RM32,400 for the sale of his goods. Pay monthly office rent of RM4,000. Took cash of RMBBOD for personal use. Pays for vehicle management expenses of RMBBOO and miscellaneous expenses of RM700. h. Payment for employee salary in cash RM8,500. tenancy-av i. The remaining supply on hand is RM1,200, (therefore the consumption of supplies for January is RM1,300] BE REQUIRED : 1. Show the effect of each transaction on the accounting equation. ii. Prepare income statement, owners equity and balance sheet for January 2022

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