Question 1 Zalina is the owner of a sole proprietorship, Zalina Enterprise. The following is her accounting record As of 1 August 2021. Date Business Transactions 1 2 345 6 7 8 12 Purchased a delivery van for RM5,000 on credit from Wang Auto Bhd. Purchased goods on credit from Shimi and Arina, RM600 and RM550, respectively. Sold goods on cash to Hazim RM330. Cash purchases of RM250 from Leela Trading. Zalina took goods RM100 from the business for her personal use. Sold goods on credit to Ali and Bab, worth RM780 and RM450 respectively, after allowing a 2% of trade discount. Paid shop assistant's salary of RM400 in cash. Received a cheque for RM700 being rental received from the tenant. All returned defective goods amounting to RM300 to the business Required: a) Identify the effects (increase/decrease) of the above transactions on assets, liabilities, owner's equity, revenues, and expenses. b) Identify the double entry to record the transactions above. The example provided below. (10 marks) (10 marks) 1 July 2021 - Fuzi brought in RM100,000 cash and deposit the money into the business bank account. 2021 Effects Accounts to be debited Accounts to be credited July 1 Increase assets Bank Increase owner equity Capital 3 (Total: 20 Marks)