Part 1 PURPOSE The purpose of this assignment is to enhance learners' understanding of the qualitative characteristic of accounting information and enhance learners' skills to analyse transactions, prepare the journal entry, trial balance and financial statements. REQUIREMENT Answer all the questions and show your detailed workings clearly and systematically. ASSIGNMENT 1: (CLO 2) Syarikat Pandora completed the following transactions during the month of January: 1) On 1 January, Aiman, the owner of Pandora, contributed cash RM100,000 to the business. 2) On 5 January, Aiman signed a note payable with the bank, granting the company an RM50,000 loan. 3) On 10 January, Pandora paid RM5,000 in cash for equipment. 4) On 15 January, Pandora paid the RM2,400 rent for the office space for the month of January 5) On 18 January, Pandora completed services for customers and immediately received RM8,000 in cash. 6) On 20 January, Pandora purchased supplies on credit for RM2,000. Based on the above information, you are required to: a) Show the effects of all the above transactions in the accounting equation (8) b) Prepare the journal entries to record all the transactions (12) [Total: 20 marks]