Encik Ali involve with furniture business. For the transaction below show its effect on the accounting equation: May 1 started a business by depositing RM 30,000 in the business bank account. 3 Bought office furniture on credit from Nova Sdn Bhd for RM 12,000 4 Withdrew RM 15,000 cash from the bank as cash in hand 8 Bought a motor van, paying RM 9,000 in cash 12 Sold some of the furniture for RM 300 on credit to Kamil Trading 17 Returned faulty furniture of value RM 150 to Nova Sdn Bhd 28 Kamil trading paid the business the amount owing RM 300 by cheque 30 Bought another motor van paying RM 11,000 by cheque 31 paid the amount of RM 1,050 to Nova Sdn Bhd by cheque Required: Prepared journal entries