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Answer ALL questions. 1. Ms. Annie has set up trading on 1 January 2020 by paying RM25,000 into a business bank account, a unit of

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Answer ALL questions. 1. Ms. Annie has set up trading on 1 January 2020 by paying RM25,000 into a business bank account, a unit of old car worth RM15,000 and RM700 into the petty cash box. Her other transactions during the first month are as follow: Purchase on credit for RM4.000 from Su Ltd. Purchase by cash of RM600. Sales for cash of RM550. i Sales on credit for RM3,000 to Cu Ltd. Payment for salaries through banking system of RM2,500 . Payment for stationery by cash of RM250. vit Withdrawal of RM350 in cash by the owner for his private use. vii. Receipt of a loan of RM2,300 from the bank. in Cheque payments to creditor after receiving a discount of 2% from supplier, Su Ltd. x. The owner gave a discount of 1.5% to trade debtor, Cu Ltd and Cu Ltd. sent a cheque to pay for the balance of payment Required: (a) Write up these transactions for the period in journal entries. (10 marks)

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