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**PLEASE ANSWER THE QUESTION BRIEFLY

7. Show the effect of the following transactions on the expended accounting equation, you are required to state the accounts involve and the effect as per the example given below: Example: Pay utilities bill by cash RM200 Asset Drawing Expenses Liabilities Revenues Owner's equity Cash Decrease RM200 Utilities expenses Increase A) Transactions: I. Owner started a business with RM18,000 cash. II. Bought by cash a secondhand car worth RM5,500. Transfer cash RM2,000 into bank account. IV. Sold goods to Pete RM3,500 and received cash. V. Paid salary to worker RM1,800 by cheque. VI. Received commission on job completion amounting RM7,100 by cheque. VII. Purchased stock from Haris Trading RM2,700 and to be paid after a month. VIII. The owner took cash from the business for his personal use RM1,500. IX. Returned goods to Haris Trading for defect product worth RM1,330. X. Owner brought in table RM3,200 for business use. B) Transactions: I. The owner started the business by depositing RM32,000 into the business' bank account. II. Purchased goods worth RM17,200 FROM Rezki Trading on credit. Received cheque worth RM1,950 from Suraya for cash sales transaction. IV. Transferred RM5,600 from bank account to cash account. V. The owner used RM2,050 from the business's bank account for his personal expenses. VI. Sold goods worth RM8,800 to Omayr Sdn Bhd on credit. VII. The owner took goods and give it to his daughter amounted to RM1,150. VIII. Returned damage goods to Rezki Trading RM200. IX. Pay rental for the shop by cheque RM1,560. Omayr Sdn Bhd returned damaged goods RM550. C) Transactions: 1. Brought cash into the business. II. Purchase motor car through bank loan. Purchase inventory from Dann Company on credit. IV. Returned goods previously purchased on credit. V. Paid utilities expenses by cheque. VI. Sales were made to Kay Kay on credit. VII. Owner withdrew cash for owns use. VIII. Paid cheque to the creditor for the amount due