11 Dec. Purchased goods from Sebarau Biru Sdn Bhd for an invoice price of RM120,000, terms 2/20, n/30. Purchases and accounts payable are recorded at net amounts. Sixty percent (60%) of the invoice was paid on 20 December.

20 Dec. Received sixty percent (60%) of the invoice of Sebarau Biru Sdn Bhd from the purchased of 11 December.

1. Prepare adjusting journal entry(ies) 31 December 2022