Question: URGENT !!!!!!!!! PLEASE ANSWER ASAP!!!!!!!!!!!!!! QUESTION 1 (Accounting Equations) On 1 January 2022 Ms. Kavitha established Kavitha Enterprise and the transactions for the whole of

 URGENT !!!!!!!!! PLEASE ANSWER ASAP!!!!!!!!!!!!!! QUESTION 1 (Accounting Equations) On 1

URGENT !!!!!!!!! PLEASE ANSWER ASAP!!!!!!!!!!!!!!

QUESTION 1 (Accounting Equations) On 1 January 2022 Ms. Kavitha established Kavitha Enterprise and the transactions for the whole of January are as follows: a. Open a bank account with cash savings of RM10,000. Purchased b. supplies on credit amounting to RM2,500. C. Paying debts, RM1,700. d. Received cash of RM32,400 for the sale of his goods. Pay e. monthly office rent of RM4,000. f. Took cash of RM9,000 for personal use. g. Pays for vehicle management expenses of RM3,800 and miscellaneous expenses of RM700. h. Payment for employee salary in cash RM8,500. i. The remaining supply on hand is RM1,200, (therefore the consumption of supplies for January is RM1,300) BE REQUIRED: i. 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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