Question 2 (A) Samuel is a sole trader who records all his cash and bank transactions in a three-column Cash Book. On 1 July 2021, he had a balance in his bank account of RM10,000. July 2 Received RM180 by cheque in settlement of owings by Andrew, after deducting a cash discount of RM20. 10 Cash sales of RM740. 12 Paid in cash for invoices of RM500 owing to Stuart who gave a cash discount of RM50. 14 Bought stationery paying by cash RM60. 18 Paid salaries through a bank transfer of RM1,200. 21 Bought furniture paying by cheque RM700. 24 Withdrew RM1,000 cash from the bank for business use. 25 Insurance claim received into the bank account of RM5,000. 29 Paid cash RM100 to settle electricity owed to Tenaga Nasional Berhad for last month's bill 30 Withdrew RM20 cash from the business bank account to pay for owner's water bill. Required: Record all the above transactions into the 3-column Cash Book and close the cash book. (8 marks) Cash Book (B) (a) Explain whether the Discount Allowed and Discount Received columns in a three-column Cash Book are T-accounts. (2 marks) (b) Compare and contrast the Sales Account with the Sales Ledger. (4 marks) (c) Among the five categories of assets. liabilities, income, expenses and equity, what category would Purchases sold or Inventory sold fall under? Also give two (2) characteristics of this category. (3 marks) (d) Give two (2) users of accounting information. For each user, state one (1) section of accounting information they would be interested in. (4 marks) (e) Do different types of organisations have differences in their accounts? Which type of organization is this syllabus that you have been learning aimed at? (2 marks) (Total: 23 marks)