3. Rihanna Ulala commenced her small business on 1 May 2021 with a capital of RM5,000 of which RM1,000 was in cash and RM4,000 in a bank account. Her transaction during the month of May was as follows: 2021 Details May 1 Borrowed RM50,000 from Public Bank Berhad and received it in the form of a cheque. 2 Paid rent of RM750 by online banking 5 Paid wages of RM120 in cash 8 Purchased goods for RM1,380 by cheque 10 Sold goods for RM650 cash 12 She withdraws cash RM200 for her personal used 15 Bought goods on credit for RM830 from Sally 18 Sold goods on credit for RM1,250 to Khoo 20 Bought Shop equipment for RM2,500 by online banking 23 Paid water and electricity bills of RM325 in cash 25 Paid insurance of RM230 by online banking 27 Returned goods costing RM310 to Sally 28 Khoo returned goods amounting to RM480 29 Rihanna introduced further capital into the business, RM3,000, and transfer it to the bank 30 Bought stationery for RM90 in cash 31 Sent Sally a cheque for RM300 31 Received a cheque for RM500 from Khoo Required: a. Prepare a journal entry. b. Show the ledger entries using T-account. c. Prepare a trial balance for Rihanna Ulala as at 31 May 2021. (Answer:RM60,430)