QUESTION 2 October 2021 The transactions took place during the month of December, 2021 for Waleed Enterprise. Date 1 5 10 14 18 3 22 28 Transactions Received additional capital from the owner amounting RM75,000 by cheque. Renovation costs to increase square footage of the building was RM50,000.Additional lightings and fittings to the new extension was RM10,000. All payments were made by cheque. Credit sales to Green Market Sdn Bhd amounting to RM25,000. Purchased goods on credit from Pluto Distributors amounting to RM20,000. A customer, Plum Trading, has been declared bankrupt and his outstanding balance owing to Waleed Enterprise was RM4,000. This amount is unlikely to be recovered in the near future. Paid utilities bill for RM2,700 via online banking. Received full payment settlement from Green Market Sdn Bhd by cheque after deduction of 5% cash discounts. Paid staff salaries amounting to RM15,000 by direct online transfer. Required: a) Prepare journal entries for all the above transactions with narrations. b) Post the transactions to appropriate ledger books using T-account and balance off the ledgers by closing the accounts at 31st December 2021.