QUESTION $1$:

House of Bake is a business providing quality bakery ingredients and other baking needs such as utensils, appliances and even reference books and magazines. Pn$.$ Katrina, the owner, started the business on $1$ October $2020$ by investing cash at the bank RM$45,000.$ The business uses the periodic inventory system to record the movement of its inventory.

On $5$ October $2020,$ she purchased a delivery van for business usage worth RM$85,000$ from Toyoda. A down payment of RM$10,000$ has been made by cheque, while the remaining amount will be paid on an installment basis beginning next month.

On $8$ October $2020,$ the business received an invoice for RM$3,800$ from Bakers Farm. The credit term was $3/15$ net $25.$ Three days later, the business issued a debit note to Bakers Farm at RM$800$ for the wrong ingredients delivered. On $15$ October $2020,$ Pn$.$ Salina bought several baking ingredients from House of Bake and she paid RM$650$ cash.

On $18$ October $2020,$ Pn$.$ Katrina invested additional cash at the bank RM$10,000$ and a motor vehicle amounting to RM$60,000$ into the business. Other than that, on $19$ October $2020,$ the business also paid for advertising amounting to RM$1,000$ by cheque. On the same day, the business also paid for electricity and water amounting to RM$600$ by cheque.

On $20$ October $2020,$ the business made a full settlement to Bakers Farm by cheque. On the same day, Pn$.$ Katrina took bakery utensils worth RM$550$ as a present for her friend$$s birthday. On $25$ October $2020,$ the business received a commission for sales of books and magazines amounting to RM$1,950$ by cheque. On $30$ October $2020,$ Pn$.$ Katrina withdrew cash of RM$1,200$ to pay salary. Finally, on $31$ October $2020$ Pn$.$ Katrina settled utility bills for the business of RM$1,800$ with her own money and also received cash of RM$500$ for rental income.

Required:

Show the effects of the above transactions based on the accounting equation in the form of a Tabular table as shown below.

Example:

January $1$: Received cash RM$200$ for the rental income.

Date Assets $=$ Liabilities $+$ Owner$$s Equity

Capital $-$ Drawings $+$ Revenue $-$ Expenses

Jan$1+400+200$

$[15$ marks