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BKAN1013 Topik 2: On March 1, 2021, Ali begins a business that will be known as Jahitan Ali Ent. Economic Events Asset Liability Owners' Equity Revenue Expense Capital W/drawal Cash Supplies Land = AC Fees Wages Rent Supplies Utilities Misc Payable Earned a Ali deposits RM25,000 in a bank account in the name of Jahitan Ali. b Jahitan Ali exchanged RM20,000 for land. c During the month, Jahitan Ali 11 purchased supplies for RM1,350 and agreed to pay the supplier in the near future (on account). d Jahitan Ali provided services to = customers, earning fees of RM7,500 and received the amount in cash. e Jahitan Ali paid the following expenses: wages, RM2,125; rent, RM800; utilities, RM450; and miscellaneous, RM275. f Jahitan Ali paid RM950 to creditors during the month. At the end of the month, the cost of = supplies on hand is RM550, so RM800 of supplies were used. h At the end of the month, Ali 1I withdrew RM2,000 in cash for personal use. TOTAL