c) Show the effects upon assets, liabilities, owner's equity, revenue, and expenses by using the format given below. Example: Transactions Effect Paid insurance expenses by cash Increase expenses RM500 Decrease assets 1. The owner of a business deposited RM5,000 of his own money into his bank account. 2. Purchased office equipment for RM20,000 by cheque. 3. Sold goods on credit RM15,000 to Zawali. 4. Paid electricity bill for the business by cash RM135. 5. Zawali returns the damaged goods RM4,000 to the business. 6 Introduction to Accounting (BAAD1003) January 2023 Final Examination CONFIDENTIAL 6. Received a cheque of RM11,000 from Zawali as a payment of the amount due. 7. Bought goods for RM6,600 on credit from Cik Siti. 8. Banked in cash worth RM4,800. 9. Paid cash for office expenses RM2,200. 10. Bought furniture on credit from Syarikat Ikea worth RM18,000.