D) Identify the debit and credit entries in the following transactions: A Bought a machine on credit from A, cost RM8,000 B Bought goods on credit from B, cost RM500 Sold goods on credit to C, value RM1,200 Paid D (a credit supplier) RM300 D E Collected RM180 from E, a credit customer F Paid wages RM4,000 G . Received rent bill of RM700 from landlord G Paid rent of RM700 to landlord G Paid insurance premium RM90 Received a credit note for RM450 from supplier H I j (10 marks) ii) Identify the dual effect of these transactions: (a) A business receives a loan of RM5,000 from its bank (b) A business pays RM800 cash to purchase goods for resale (c) The proprietor of a business removes $50 from the till to buy her husband a birthday present (d) A business sells goods costing RM300 at a profit of RM140 (e) A business repays a RM5,000 bank loan, plus interest of RM270 IC rad