Question: Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows: Description November

Super Max Cleaning Services (SMCS) is located in Alor Setar, Kedah providing dry cleaning services. Business transactions during November are summarized as follows:

Description

November 1

SMCS invested cash in the business with a deposit of RM200,000 in the business bank account.

November 5

Purchased land paying cash of RM35,000

November 9

Paid rent for the month of RM4,000

November 11

Charged customers for dry cleaning revenue on account, RM72,000

November 16

Purchased supplies on account, RM8,000

November 21

Provide dry cleaning service for customers and receive cash on the same day, RM38,000

November 24

Received cash from customers on account, RM70,000

November 27

Paid the following expenses: wages expenses RM24,000, truck expenses RM2,100, utilities RM1,800 and miscellaneous expenses RM1,300

November 29

Withdrew RM5,000 for personal use.

REQUIRED:

Show the effect of EACH TRANSACTION on the accounting equation using the following format (show accounts name that may affect owners equity):

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