Question 1 Fuzi Enterprise is a business supplying frozen meat to supermarkets. Given below are the business transactions of Fuzi Enterprise for the month July 2020. Date 1 Business Transactions Motor vehicle RM30,000; Inventory RM15,000; Cash in hand RM3,000; Bank RM75,000; Trade Receivables RM22,000; Trade Payables RM40,000. Sold goods on credit to Tuku RM16,000, Tiki RM20,000 and Toko RM15,000. Sold goods by cash RM4,000. Purchased goods on credit from Azam RM13,000 and Akim RM8,500. Good returned by Tuku RM1,000. Bought office equipment for RM27,000 on credit from Kea Bhd. Bought goods for resale RM7,000 by cash. Damaged goods were returned to Azam RM1,000. Paid salary by cash RM210. Bought stationery on credit from News Ltd RM 215. Toko and Tiki paid their respective balance. Owner took cash for his own personal use RM80. 10 12 13 21 23 28 30 Required: As per example provided, you are required to: 1 July 2020 - Fuzi brought in RM100,000 cash and deposit the money into the business bank accounts. 2020 Effects Book prime of entry Accounts to be debited Bank Accounts to be credited July 1 General journal Increase assets Increase owner's equity Capital a) Identify the effects increase/decrease) of the above transactions on assets, liabilities, owner's equity, revenues and expenses. (10 marks) b) Identify the double entries for the above transactions. (10 marks) c) Identify the appropriate book of prime entry to record the transactions above. (10 marks) (Total: 30 Marks)