May Owner deposited RM50,000 of his own money into the business' bank account to start the business. 1 5 5 6 al 7 9 10 12 Bought office supplies for RM80 and a laptop for RM2,500, both on credit. Purchased RM8,000 worth of goods to be sold in the shop on credit Paid rent of RM900 by cheque. Received RM2,000 cash from a client for services provided. Sold goods for RM4,150 on credit. A short-term bank loan of RM10,000 was taken out to purchage some equipment. Owner took home RM1,500 cash from the bank for personal use. Invoiced a client for RM2,100 for services provided. Paid electricity of RM412 by cheque Received cash from debtors of RM3,000. Paid RM300 principle off the loan and a further RM35 interest by cheque. Paid creditor RM2,000 using cheque. Paid a part-time worker with cheque for his May wages. His wages is RM40 per day and he has been working for 20 days in May. 19 21 23 25 30 31 You are required to: a) Explain the relationship between assets, liabilities and owner's equity through the transactions. b) Prepare General Journals for all the transactions, c) Post the transactions in ledgers! d) Prepare the Trial Balance for Berjaya Enterprise as at 314 May 2020. ate