Question $1$

Mr$.$ Azmi established a tour agency on $1$ January $2021.$ The transactions for the month are as follows:

$\backslash$table$[[$Date$,$Transactions$],[1,\backslash$table$[[$Started in business and deposited RM$60,000$ into a bank account opened specially$],[$for the business.$]]],[2,$Purchased goods by cheque for RM$1,000.],[10,$Received cheque of RM$5,000$ from customer on the services provided.$],[11,$Paid by cheque RM$500$ to advertise the business in the newspaper.$],[12,$Paid rental RM$800$ by cheque.$],[14,$Owner took goods RM$300$ from the business for personal use.$],[25,\backslash$table$[[$Owner buys some goods for RM$7,000$ from Salleh, and agrees to pay them within$],[$the next two weeks.$]]],[27,\backslash$table$[[$Provide services valued at RM$4,000$ to a customer. The customer promised to pay$],[$next month$]]]]$

As per the example provided below, you are required to:

$1$ January $2021-$ Started in business and deposited RM$60,000$ into a bank account opened specially for the business.

$\backslash$table$[[2019,$Effects,$\backslash$table$[[$Account to be$],[$debited$]],\backslash$table$[[$Account to be$],[$credited$]],\backslash$table$[[$Book$],[$prime of$],[$entry$]]],[$Jan $1,\backslash$table$[[$Increase bank$],[$Increase capital$]],$Bank RM $60,000,,\backslash$table$[[$General$],[$journal$]]]]$

a$)$ Show the effects $($increase$/$decrease$)$ upon assets, liabilities, expenses, revenue and owner's equity for the transactions.

$(4$ marks$)$

b$)$ State the journal entries $($debit$/$credit$).$

$(4$ marks$)$

c$)$ Identify the appropriate book of prime entry to record the transactions.

$(2$ marks$)$

$($Total:$10$ Marks$)$

$3$