QUESTION 2 (20 MARKS)

(a) Mr Zarid, a watch dealer, set up a shop by the name Syarikat Zn Watch Sdn Bhd on 1 March 2021. He brought in cash RM100,000 and used car, valued at RM30,000 for business use.

The following financial transactions occurred in the month of March 2021.

March 1	Opened a current account at Maybank and banked in office cash RM80,000
3	Paid RM1000 being rental of the shop by cheque. Bought shop fittings worth RM5,000 from Talita Furnishing Centre; paid by cheque.
4	Invoice received from : Zenith Bhd. List price RM8,200, trade discount 2% Seiko Bhd. List price RM9,800, trade discount 1%
6	Cash sales of RM750, paid to bank
10	Received RM50 in cash from the customer for watch repairs
13	Received a credit note from Zenith Bhd for a goods returned; listed price RM600.
17	Credit sale worth RM2,400 to Mr Ahmar
19	Purchased a van for RM27,500 on credit from Lee Used Car Sdn Bhd and paid RM2,000 by cheque for installing air-condition unit in the van
22	The owner took a watch at a cost of RM450 and give it as a present to his son.
24	Received a cheque from Mr Ahmar as settlement of his account after deducting 2% discount.
27	Paid RM210 in cash for office expenses.

REQUIRED:

Journalise the above transactions.

(20 marks)