Question 3 The following information was obtained from Orchid Furniture Enterprise for the month of November 2018. Write in the appropriate boxes the title of the accounts to be debited and credited together with the amount. Accounting Transactions Debit Account Credit Account Paid advertising expenses of RM2,500 by cash Advertising expenses RM2,500 Cash RM2,500 1 . Started a business with RM15,000 cash in hand, RM320,000 in bank and a motor vehicle worth RM85,000. 2. Brought own personal computer into the company for the business purposes worth RM3,200. 3. Credit sales of RM60,000 to Sunflower Trading and bill them after deducted 10% sales discount. 4. Purchased materials from Hibiscus Co. and received an invoice amounted to RM45,800. Received RM 1 ,200 discount from Hibiscus Co. 5. Returned goods to Hibiscus Co. worth RM890 due to wrong specifications. 6. Sunflower Trading returned goods worth RM1,500. 7. Cash sales of RM15,600 to Lily Enterprise. 8. Purchased an office building in Seremban 2 for RM500,000. Loan approved from MeBank is 90% of the total building. Issued a cheque as a deposit to the developer. 9. Took cash worth RM20,OOO for deposit of personal car. 1 0. Paid cash of RM450 for utility bills.