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introduction to accounting question Question 2 Identify the debit and credit entries in the following transactions. a) Bought a machine on credit from Steel Machine

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introduction to accounting question

Question 2 Identify the debit and credit entries in the following transactions. a) Bought a machine on credit from Steel Machine Sdn Bhd, cost RM8,000 b) Bought goods on credit from All Supply, cost RM500. c) Sold goods on credit to Muthu value RM1,200 d) Paid Ah Hok Supply RM500 e) Collected RM180 from Emmy, a credit customer. Paid net salary RM4,000. g) Paid rental of RM700 to the landiord. h) Paid insurance premium RM 190

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