a) Adam is sotting up a new business. Before solling anything. he bought a machine for RM12,800, a van for RM75,000, and a stock of goods for RM4, 200. Ho did not pay in full for his stock of goods and still owes RM1.200 in respect of them. He borrowed RM30,000 from CiMB Bank. After the events just described, and before trading starts, he has RM1, 200 cash in hand and RM4, 200 cash at the bank. Calculate the amount of his captal. (3 marks) b) The liabilities of Red Rose Enterprise are RM22,900, while its ownor's equity is RM18,400. Calculate how much is the total assets of Red Rose Enterprise. (2 marks) c) Show the double entry for the following transactions and state the effect of each of the transactions on the accounting equation. d) At the beginning of the year. Chery1 Trading had total assets of RM280,000 and liabities of RM122,000. During the year, assets decreased by RMS,000, and owner's equity increosed by RM20,000. Datermine the labisties at the end of the year. (4 marks) -) Questions (i) to (v) are related to the information below: Below are the transactions that Sweet Sour Sdn. Bhd. (SSSB) incurred during the month of December 2021. Write in the appropriate boxes the title of the accounts to be debited and (2U marks) a) Adam is sotting up a new business. Before solling anything. he bought a machine for RM12,800, a van for RM75,000, and a stock of goods for RM4, 200. Ho did not pay in full for his stock of goods and still owes RM1.200 in respect of them. He borrowed RM30,000 from CiMB Bank. After the events just described, and before trading starts, he has RM1, 200 cash in hand and RM4, 200 cash at the bank. Calculate the amount of his captal. (3 marks) b) The liabilities of Red Rose Enterprise are RM22,900, while its ownor's equity is RM18,400. Calculate how much is the total assets of Red Rose Enterprise. (2 marks) c) Show the double entry for the following transactions and state the effect of each of the transactions on the accounting equation. d) At the beginning of the year. Chery1 Trading had total assets of RM280,000 and liabities of RM122,000. During the year, assets decreased by RMS,000, and owner's equity increosed by RM20,000. Datermine the labisties at the end of the year. (4 marks) -) Questions (i) to (v) are related to the information below: Below are the transactions that Sweet Sour Sdn. Bhd. (SSSB) incurred during the month of December 2021. Write in the appropriate boxes the title of the accounts to be debited and (2U marks)
