1 Aaron started a business named Aaronators Enterprise in January 2020. The following are the transactions for the month of January 2020. Date 1 Business Transactions Aaron started a business called Aaronators Enterprise with RM25,000 cash in hand, cash at bank amounting to RM10,000 and furniture of RM15,000. Bought goods on credit from Kronos Sdn. Bhd. amounting to RM8,000. Aaron paid the transportation cost of RM100 by cash to carry the goods purchased into the business premise. Sold goods to Night Enterprise amounting to RM13,000. Night Enterprise paid RM4,000 by cheque and the remaining balance is on credit. 4 4 9 11 14 18 Due to some damages, Aaron returned goods amounting to RM150 to Kronos Sdn. Bhd. Night Enterprise returned RM200 of goods due to wrong specification of goods. Aaron withdrew goods amounting to RM150 and RM100 cash for personal use. 21 Aaron received cheque from Night Enterprise for settlement of their debts. 25 Aaron paid RM210 for water and electricity expenses by cash. Aaron paid RM5,000 to Kronos Sdn. Bhd. as partial settlement by cheque. 28 Required: As per example provided below, you are required: 1 July 2020 - Fuzi brought in RM100,000 cash and deposit the money into the business bank account. a) 2020 1 July Effects Increase assets Increase owner equity Books of Prime Entry General ledger Identify the effects (increase/decrease) of the above transactions on assets, liabilities, owner's equity, revenues and expenses. (20 marks) b) Identify the books of prime entry to record the transactions above. (10 marks) (Total: 30 Marks)