Debit Descriptions RM Credit RM Cash 265,000 Fixed Assets 100,000 Salaries 200,000 Administration Charges 100,000 Interest Charges 6,000 Telephone Charges 2,000 Maintenance Expenses 3,000 Prepaid Insurance Charges 12,000 Accounts Receivable 30,000 Revenue 500,000 Accounts Payable 50,000 Provision for Warranty 10,000 Provision for Doubtful Debts 8,000 Owner's Capital 50,000 Long Term bank loan