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QUESTION 1 Record the transactions below in accounting equation sheet. Date Transactions / Events 2 0 2 2 , June 1 Mr Rajaie decides to

QUESTION 1 Record the transactions below in accounting equation sheet. Date Transactions/Events 2022, June 1 Mr Rajaie decides to open a trading business, called Muhibbah Enterprise. He invested cash of RM50,000 into his business. 2 Muhibbah Enterprise bought a few sets of office equipment by cash at price of RM3,500.3 Muhibbah Enterprise bought stationeries from Harriz Company worth RM500 in cash. 5 Muhibbah Enterprise make purchases worth RM1200 on credit from Beep Company. 6 Muhibbah Enterprise sold goods worth RM3800 in cash. 8 Muhibbah Enterprise sold goods worth RM4500 to Munirah in credit. 11 Mr Rajaie withdrew cash of RM1000 from the business for his personal use. 14 Muhibbah Enterprise received a payment from Munirah in full. 17 Mr Rajaie took goods from the business worth RM1000 for personal reason. 21 Muhibbah Enterprise pay bills amount RM250 by cash. 23 Muhibbah Enterprise received 2-year loan contract and the amount disbursed for RM15,000.25 Muhibbah Enterprise pay salaries and rental expenses amount RM3000 and RM1500 respectively. 28 Muhibbah Enterprise pay their monthly insurance expense for RM200.

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