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On 1 July, 2019, GREEN RAI BERHAD purchased a factory motor vehicle by cash at RM500,000 with a trade discount of 1%. The motor vehicle

On 1 July, 2019, GREEN RAI BERHAD purchased a factory motor vehicle by cash at RM500,000 with a trade discount of 1%. The motor vehicle is estimated to have a RM15,000 residual value at the end of its 10-year useful service life.

I. Journalize transactions for the year 2019.

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