BagIT Sdn. Bhd., which supplies different types of bags, observes an accounting period that ends every 30 September. Comment on the appropriateness of the accounting procedure used by BagIT Sdn. Bhd:

During the current year, the Chairman of BagIT bought a high-end desktop computer for RM7,500. The computer will be used by his son who is pursuing his studies in Graphic Design. You are required to illustrate the recording of the transactions in the Journal (Book of Primary transactions) for the purchase.