QUESTION 1 1) Identify the debit and credit entries in the following transactions: A Bought a machine on credit from A, cost RM8,000 B Bought goods on credit from B, cost RM500 C Sold goods on credit to C, value RM1, 200 D Paid D (a credit supplier) RM300 E Collected RM180 from E, a credit customer F Paid wages RM4,000 G Received rent bill of RM700 from landlord G H Paid rent of RM700 to landlord G I Paid insurance premium RM90 J Received a credit note for RM450 from supplier H