Question: Question 3: 1. Abrar has decided to open a computer equipment business, which she named Computronics. On 1st of February 2012 she invested 30,000 SR

 Question 3: 1. Abrar has decided to open a computer equipment

Question 3: 1. Abrar has decided to open a computer equipment business, which she named Computronics. On 1st of February 2012 she invested 30,000 SR cash in the business. 2. Abrar has purchased computer equipment for SR 12,000 Cash. 3. Abrar has purchased office supplies for her business amounting SR 2000 on account/credit (liability) 4. Abrar received SR 2000 cash as her first selling income. 5. She placed an ad in the local newspaper, which cost her SR 500. Abrar still haven't paid that amount. 6. Abrar has sold some equipment for SR 5000 of which she has received SR 2000 in cash while the rest of money will be paid next month. 7. Abrar paid salaries of SR 3000 for the month of February 8. She also paid the advertisement bill of SR 500 in cash. 9. Abrar withdraws SR 4,000 for her personal use. 10. Abrar received 2000 cash from the customer, which were due in transaction 6. Requirements: Prepare the accounting equation for Abrar's business. Cash +Accounts Receivable +Supplies +Equipment = + Accounts Payable Capital income owner's drawing expenses

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