Question: Using the Transaction Analysis table provided, analyze the effect of the transactions listed below on the extended Accounting Equation. Alyazin Salem Khalaf started a law
Using the Transaction Analysis table provided, analyze the effect of the transactions listed below on the extended Accounting Equation. Alyazin Salem Khalaf started a law firm in Abu Dhabi last month and completed the following transactions during its first month of operations. a. Invested AED 800,000 cash in the company b. Purchased supplies for cash AED 7,000 6. Provided services to the client for AED 3,000 and immediately collected the cash. d. Office fumiture of AED 15,000 from IKEA was purchased on credit e Paid AED 20,000 cash for rent Withdrew AED 5,000 cash from the business for personal use. * Paid salaries AED 10,000 for the month to the staff h. Provided services to the client and billed them for AED 5,000, Puchawed supplies for AED 3,000 on account + Art Rewable Supplies Liabilis Puyable Owner's guilty wing Revenue Fun
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