Question: QUESTION : Show how transactions affect Accounting Equation Date Transactions Apr 1 Owner contributes RM7500 in cash to capitalize the business Apr 8 Purchased RM2500

QUESTION : Show how transactions affect Accounting Equation

QUESTION : Show how transactions affect Accounting Equation Date Transactions Apr 1

Date Transactions Apr 1 Owner contributes RM7500 in cash to capitalize the business Apr 8 Purchased RM2500 in sp parts on credit, payable in 30 days Apr 15 Paid first months shop rent of RM1000 Apr 17 Repaired sp for RM1100, collected RM400 cash; billed customers for the balance of RM700 (debtors) Apr 18 RM275 in sp parts were used Apr 25 Collected RM425 from customers (debtors paid) Apr 28 Paid RM500 to suppliers (creditors) for parts bought earlier in the month

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