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QUESTION 2 [20 MARKS] Prepare the tabular analysis of July transaction (Assets = Liabilities + Owner Equity). Show the effects of the following transactions (use

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QUESTION 2 [20 MARKS] Prepare the tabular analysis of July transaction (Assets = Liabilities + Owner Equity). Show the effects of the following transactions (use "+' to indicate increase and to indicate decrease): Transactions: a) Bought a van on credit RM40,500. b) Bought inventory for RM1,400 by cheque. c) The owner takes out RM200 cash for his personal use. d) We pay a creditor RM310 by cheque. c) Borrowed RM30,000 from Bank and make a payment to purchase Van, RM15,000. D) The owner introduces another RM5,000 cash into the business. g) Ahmad lends the business RM8,000 in cash. h) Jason pays us RM2,000 in cash. i) Paid rent by cash RM1,500. 1) Pay office maintenance by cheque RM800. [20 marks

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