Below are the transactions for Alex in Jan 2019:

1 : Alex commenced business by depositing cash RM80,000 in the bank as capital

4 : A machine was purchased and paid for with company cheque for RM42,000

8 : Alex purchased goods for resale amounting to RM17,500 on credit

12 : Alex made a cash sales of RM4,800; cost of good sold was RM2,600

16 : Alex received a bank loan of RM30,000, the money was credited to the business bank account

20: Alex brought in his personal car for business use, the car was valued at RM65,000

23: Alex purchased goods for resale amounting to RM35,600, he paid the supplier by cheque

27: Alex paid supplier RM17,000 for the goods purchased on 8 Jan 2018, discount received RM500

30 : Alex bought a computer for RM5,200 by cheque

Required:

Prepare the accounting equation for the month of January 2019. (20 marks)