Do a T accounts (ledger) 1/1/2012 Sara started the business and deposited cash in bank, RM 50000. 1/2/2012 Sara purchase a furniture and issued a cheque of RM 2600 for payment 12/6/2012 Sara purchase goods from John, RM1000 and promised to pay next week. 3/7/2012 Sara sold goods to Ali on credit, RM 300. 15/10/2012 Sara paid the amount owed to John by issuing a cheque, RM 500. 11/11/2012 Ali paid RM 300 for the amount owed by issuing a cheque.