Question 2 (10 Marks) The following transactions occurred in the first month of the business operation: No Transactions Effect on Assets Liabilities Equity Example Commission received, RM200 Increase Increase I Introduced capital of RM50,000 cash into the business. 2 Withdrew RM500 cash to pay for his mother's medical bills. 3 Bought a van on credit RM70,000 from Proton. 4 5 6 7 Customer paid the business RM6,300. The business pay supplier RM2,700 through online banking. Repaid a RM780 loan owed to Robert by cash. Paid intemet bills RM200. 8 Purchased goods by cash RM1,200. 9 Opened a bank account at MAYBANK and deposited RM30,000 cash. 10 Paid to staff salary by cheque amounting to RM2,600. Required: Complete the above columns to show the age 2 of 6 effects (Increase/ Decrease) of the transactions. 29C Mostly clear