Question 1 Based on following transactions, complete the accounting equations using Assets = Liabilities + Owners Equity

Feb 1 Owner contributes RM 50,000 cash to the business.

3 Bought van on credit from Transport Jaya Berhad of RM 95,000.

6 Purchased goods amount RM 300 by cash.

9 Sold goods to Aaron RM 1,000 on credit.

10 Paid for utility bills of RM 800 by cheque.

14 Deposit cash into bank account RM 30,000.

18 Received payment from Aaron full amount from his outstanding.

24 Paid staff salary RM 3,000

25 Purchased goods on credit RM 4,500.

28 Sold goods to cash customer of RM 2,000.

29 Owner takes goods from business amount RM 500.

30 Paid to account payable RM 4,000.

QUESTION 2

Alia open a Bakery Shop at Cyberjaya on March 2022. The following are transactions occur during the month of March 2022. Complete the accounting equations using Assets = Liabilities + Owners Equity

Mar 1 Owner bring own kitchen equipment to business amount RM 40,000

and cash at bank RM 10,000.

2 Rent a shop premise and pay immediately by cash RM 2,000.

4 Purchase raw materials by cash RM 550.

7 Purchase equipment on credit RM 3,000.

10 Sold cake to customer pay by cash RM 120.

12 Pay electricity bills RM 80.

17 Sold goods on credit RM 230.

20 Purchase inventory on credit RM 1,200.

23 Received cash commission RM 340.

25 Salary RM 1,200 paid by cheque.

28 Received full payment from receivable.

30 Paid to account payable RM 1,000.