Armel Enterprise is a business selling various types of handbags since the year 2011. Below are some of the transactions extracted from Armel Enterprise for the month of July 2019:

July 2019 5	Purchased goods from Guess Sdn Bhd on credit amounting RM15,000.
15	Sold goods on credit to Melissa amounting RM1,100.
20	Faulty goods amounting RM1,500 were returned to Guess Sdn Bhd.
22	Owner took goods worth RM350 for personal purpose.
25 26 27 28 29	Melissa returned damaged goods of RM440. Received commission by cash costing RM1,500 Purchased goods from ABC Enterprise on cash amounting RM400 Owner brought in personal furniture worth 2,000 for business use Sold goods to XYZ Trading amounting 1,000. XYZ paid by cheque

Required:

1. Show the effects (increase/decrease) of the above transactions on the accounting equation.

(9 marks)

2. State the accounts to be debited and the accounts to be credited for the above transactions.

(9 marks)

3. Record the above transactions in the relevant accounts and balance off the accounts.

(15 marks)

4. Prepare a trial balance as at 31 July 2019.

(7 marks)