2:01 E L1_Tutorial.pdf @ 2 : Li Tutorial Question 1 Bobby is setting up a new business. Before actually selling anything, he bought a van for RM45,000, a market stall for RM5.000 and an inventory of goods for RM5.000. He did not pay in full for his inventory of goods and still owes RM2,500 in respect of them. He borrowed RM10,000 from Camelia. After the events just described, and before trading starts, he has RM600 cash in hand and RM4,000 cash at bank. Required: Prepare a listing based on the Accounting Equation and calculate the amount of capital that Bobby has injected into the business. Question 2 Judy started her tailoring business on 1 January 2019. She has no accounting knowledge and requires your help in doing up the accounts of her business for the year 2019. She has provided the following information for the whole year from 1 January 2019 to 31 December 2019. Bank balance Cash balance Sales Amount owing by Aminah Amount owing by Jessica Amount owing by Grace Cost of inventories sold Shop rental Equipment Electricity and water Air-conditioners Amount owing to Chan Textiles Interest received Bank and cash withdrawn for home use Commission paid to Kumari (introduced new customers) Inventories balance RM 75,000 1.030 86,660 500 250 750 5,150 6,000 15,000 3,880 6,000 1,500 300 12,000 2.000 2.900 Required: a) Find out how much profit Judy's business has made for the year, using the Profit Determination Equation. b) Find out how much capital was injected by Judy into her business on 1 January 2019, using the Accounting Equation. Question 3 Samy contributed RM60,000 to start a new business on 1 March 2020, selling schor textbooks. The following are transactions that occurred in the month of March 2020