Reference no: EM132649234

Question - Abir opened a new accounting practice called AbirNur Public Accountant and completed these transactions during March 2020:

Mar 1 Invested RM 50,000 in cash and motor vehicle that costs RM 20,000

Mar 5 Completed work for a client and immediately received RM 5,000 cash

Mar 9 Completed a RM 2,000 project for a client, who will pay within 30 days

Mar 15 Performed services RM 12,000. Received cash RM6,000 and the balances is on account.

Mar 19 Received cash RM3,000 from services that already performed on March 15.

Mar 27 Ray Anne withdrew RM 1,800 cash from the business for personal use

Mar 30 Paid RM 175 for the month's utility bill

REQUIRED - Show the effects of the transactions on the accounting equation.