Introduction to accounting question

Question 3 Abang Sado set up a business selling fitness equipment. He put RM7,000 of his own money into a business bank account and in his first year of trading the following transactions occurred 1) Paid rent of shop for the period by cash amounted to RM3,500 2) Purchased materials on credit from ABC Supply amounted to RM5,000 3) Loan from ABC Bank amounted to RM15,000 4) Purchase of shop fittings for cash worth RM2,000 5) Sales of goods and receiced cash payment of RM10,000 6) Sales of goods on credit to Muimui Co, amounted to RM12,500 7) Payment for trade payables (discount received RM50) by cash worth RM4,950 8) Receipt from trade receivables (discout alowed RM20) of RM2,480 by cheque 9) Paid interest on loan of RM1,000 by cash 10) Other expenses are paid through cheque amounted RM1,900 11) Drawings of inventory worth RM1,500 Question 3 Abang Sado set up a business selling fitness equipment. He put RM7,000 of his own money into a business bank account and in his first year of trading the following transactions occurred 1) Paid rent of shop for the period by cash amounted to RM3,500 2) Purchased materials on credit from ABC Supply amounted to RM5,000 3) Loan from ABC Bank amounted to RM15,000 4) Purchase of shop fittings for cash worth RM2,000 5) Sales of goods and receiced cash payment of RM10,000 6) Sales of goods on credit to Muimui Co, amounted to RM12,500 7) Payment for trade payables (discount received RM50) by cash worth RM4,950 8) Receipt from trade receivables (discout alowed RM20) of RM2,480 by cheque 9) Paid interest on loan of RM1,000 by cash 10) Other expenses are paid through cheque amounted RM1,900 11) Drawings of inventory worth RM1,500