QUESTION 2 Pietagoras Enterprise was set up on 8 December 2016. Below are the business transactions during the month of January 2017 Date Jan 2017 Transactions The owner, Encik Adie started business with cash of RM15,000 and loan of RM15,000. Transfer cash of RM17,000 into the business bank account. Purchased goods RM4,000 from Adides Bhd on credit. Credit sales to Qistina worth RM3,000. Returned defective goods to Adides Bhd amounting to RM300 The business purchased furniture from Rotan Berhad for RM2,500 and paid cash of RM800, the balance is to be paid later. Encik Adie purchased goods on credit worth RM1,000 from Nikey Bhd. Owner took goods worth RM500 and cash RM300 for personal use Qistina paid the amount due in full by cheque and was allowed a discount of RM200 12 16 19 23 25 27 Required: State the effects (increase or decrease) on assets, liabilities, revenues, expenses or (11 marks) a. owner's equity for the above transactions. b. Show the accounts to be debited and credited for all the above transactions. (11 marks) c. Identify the appropriate books of prime entry for the transactions dated as belows: 3 January 2017 12 January 2017 16 January 2017 19 January 2017 22 January 2017 25 January 2017 (8 marks) (Total: 30 marks)