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A. Find the missing figure in the following table: Assets Liabilities RM RM (i) 18,500 1,800 (ii) 29,000 (iii) ? 8,800 Owner Equity RM
A. Find the missing figure in the following table: Assets Liabilities RM RM (i) 18,500 1,800 (ii) 29,000 (iii) ? 8,800 Owner Equity RM ? 15,900 19,200 (3 marks) (CLO1:PLO5:C3) Page 3 of 5 B. The following transactions occurred during the month of January 2024 for Luqs Enterprise: Jan 1 10 20 21 2222 22 The owner, Luq invested RM500,000 cash as capital into his business. Purchased equipment at a cost of RM28,800 from Yong Furniture. A cash payment of RM18,000 was made and the balance is on credit. Sold goods for credit to a customer totaled RM190,000. Paid cash of RM5,000 for the rent of the shop premise for the month of January Received cash of RM145,000 from customers on account for the transaction on January 20 23 Cash payments made for the salary expense of RM15,000 and marketing expense of RM1,800 for the month. Required: Analyze above transactions and show the effect on the accounting equation. (7 marks) (CLO1:PLOS:C4)
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