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(a) Mr Zaman, a watch dealer, set up a shop by the name Syarikat Zaman Sdn Bhd on 1 March 2021. He brought in cash

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(a) Mr Zaman, a watch dealer, set up a shop by the name Syarikat Zaman Sdn Bhd on 1 March 2021. He brought in cash RM50,000 and used car, valued at RM12,000 for business use. The following financial transactions occurred in the month of March 2021. March Opened a current account at Maybank and banked in office cash RM45,000 1 3 Paid RM800 being rental of the shop by cheque. Bought shop fittings worth RM5,600 from Alitalia Furnishing Centre; paid by cheque. 4 Invoice received from: Zenith Bhd. List price RM8,200, trade discount 2% Seiko Bhd. List price RM9,800, trade discount 1% 6 Cash sales of RM750, paid to bank 10 Received RM15 in cash from the customer for watch repairs 13 Received a credit note from Zenith Bhd for a goods returned; listed price RM600. 17 Credit sale worth RM2,400 to Azhar Rahman 19 Purchased a van for RM17,500 on credit from Sunny Used Car Sdn Bhd and paid RM1,200 by cheque for installing air-condition unit in the van 22 The owner took a watch at a cost of RM150 and give it as a present to his son. 24 Received a cheque from Azhar Rahman as settlement of his account after deducting 3% discount. 27 Paid RM130 in cash for office expenses. REQUIRED: Journalise the above transactions. (20 marks)

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