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Given below are the business transactions of Zauraa Vision Enterprise, during the month of February 2022 (PERPETUAL) February Transactions 1 Kurniadi invested RM88,000 cash in

Given below are the business transactions of Zauraa Vision Enterprise, during the month of February 2022 (PERPETUAL)

February

Transactions

1

Kurniadi invested RM88,000 cash in the business. (Example)

2

Interviewed candidates for a job vacancy with a monthly minimum salary of RM1,200.

3

Purchased goods worth RM8,000 from Mukhriz on credit.

4

Cash sales to Aman worth RM10,000.

5

Paid RM700 for advertisement on Facebook.

9

Kurniadi took out RM300 goods for personal use.

9

Kurniadi brought in his own computer worth RM2,000 into the business.

15

Returned damaged goods worth RM800 to Mukhriz.

16

Borrowed RM100,000 long-term loan from MBB Bank.

17

Sales amounting to RM10,500 to Amir on credit.

19

Received commission worth RM3,700 by cheque.

20

Pay Mukhriz in full with a cheque.

23

Unexpectedly, received a full settlement from Amir

26

Purchased office equipment in cash for RM10,000

28

Paid staff salaries for RM12,000 using cash.

28

Paid for insurance RM1,000.

Required:

Show the effects of the above transactions based on the accounting equation in the form of table as shown below.

Assets

=

Liabilities

Owners Equity

Date

Cash/Bank

(RM)

Accounts receivable

(RM)

Supplies

(RM)

Office

Equipment

(RM)

=

Long-term

Loan

(RM)

Accounts payable

(RM)

Capital

Revenue

(expenses)

(Drawings)

(RM)

1

+88,000

=

+88,000

Capital

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