Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows March 2 Invested RM15,000 cash in business 3 Purchased used car for RM4,000 cash for use in business 9 Purchased supplies on account for RM500 11 Billed customer RM1,800 for services performed 16 Paid RM200 cash for advertising 20 Received RM700 cash from customers billed on 11 March 23 Paid Ah Meng RM400 cash on balanced owed 28 Paid RM1,500 cash salary to administrative assistant 29 Withdrew RM2,000 cash for personal use For each transaction, indicate the following The basic type of accounts (asset, liability, owners equity, revenue, expenses) The specific account to be debited or credited Whether the specific account is increased or decreased Accounts to be debited and credited (10 marks) Use the following format, in which the 2 March transaction is given as an example Date Basic type Specific account Effect Account debited Account credited March 2 Asset Owners equity Cash Capital Increase Increase Cash Capital ANSWER ALL QUESTIONS Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows March 2 Invested RM15,000 cash in business Purchased used car for RM4,000 cash for use in business 9 Purchased supplies on account for RM500 11 Billed customer RM1,800 for services performed 16 Paid RM200 cash for advertising 20 Received RM700 cash from customers billed on 11 March 23 Paid Ah Meng RM400 cash on balanced owed 28 Paid RM1,500 cash salary to administrative assistant 29 Withdrew RM2,000 cash for personal use Produ Re R For each transaction, indicate the following a) The basic type of accounts (asset, liability, owner's equity revenue, expenses) b) The specific account to be debited or credited c) Whether the specific account is increased or decreased d) Accounts to be debited and credited (10 marks) Use the following format, in which the 2 March transaction is given as an example Date Effect Basic type Asset Specific account Cash Account debited Cash Account credited March 2 Increase Capital Increase Capital Owner's equity

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Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested RM15,000 cash in business. 3 Purchased used car for

Question 1

Selected transactions for Bakar Enterprise, an interior decorator, are as follows:

March
2	Invested RM15,000 cash in business.
3	Purchased used car for RM4,000 cash for use in business.
9	Purchased supplies on account for RM500 .
11	Billed customer RM1,800 for services performed.
16	Paid RM200 cash for advertising.
20	Received RM700 cash from customers billed on 11 March.
23	Paid Ah Meng RM400 cash on balanced owed.
28	Paid RM1,500 cash salary to administrative assistant.
29	Withdrew RM2,000 cash for personal use.

For each transaction, indicate the following:

The basic type of accounts (asset, liability, owners equity, revenue, expenses)
The specific account to be debited or credited.
Whether the specific account is increased or decreased.
Accounts to be debited and credited.

(10 marks)

Use the following format, in which the 2 March transaction is given as an example.

Date

Basic type

Specific account

Effect

Account debited

Account credited

March 2

Asset

Owners equity

Cash

Capital

Increase

Cash

Capital

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ANSWER ALL QUESTIONS Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested RM15,000 cash in business. Purchased used car for RM4,000 cash for use in business. 9 Purchased supplies on account for RM500. 11 Billed customer RM1,800 for services performed. 16 Paid RM200 cash for advertising. 20 Received RM700 cash from customers billed on 11 March 23 Paid Ah Meng RM400 cash on balanced owed. 28 Paid RM1,500 cash salary to administrative assistant 29 Withdrew RM2,000 cash for personal use. Produ | Re/R For each transaction, indicate the following: a) The basic type of accounts (asset, liability, owner's equity. revenue, expenses) b) The specific account to be debited or credited. c) Whether the specific account is increased or decreased. d) Accounts to be debited and credited. (10 marks) Use the following format, in which the 2 March transaction is given as an example. Date Effect Basic type Asset Specific account Cash Account debited Cash Account credited March 2 Increase Capital Increase Capital Owner's equity