Required: (a) (b) Question 2 Sarah Enterprise commenced trading business on 1st January 2022. The following transactions took place during the month of December 2022. 25 20 23 Dec 2022 18 15 12 9 10 7 1 Transactions Additional injection of capital of RM25,000, deposit via online banking. Purchased goods on credit for RM8,000 from supplier, Laily Trading Credit sales to Super Trading for RM12,000. Cash sales for RM10,000. Returned faulty goods to Laily Trading amounting to RM900. Received a cheque from Super Trading for RM10,000. Bought office cabinets from IKEA for RM5,000 by cash. Owner took goods worth RM2,800 for personal use. Made payment to Laily Trading for RM6,000 by cheque. Paid utility bills amounting to RM1,300 by online banking. State the effects of the above transactions upon accounting equation (increase or decrease upon assets, liabilities, capital, revenue or expenses). (15 marks) Prepare journal entries for all the above transactions with narrations in appropriate format of journal. (15 marks) (30 marks]

Question 2 Sarah Enterprise commenced trading business on 1 w January 2022. The following transactions took place during the month of December 2022. Required: (a) State the effects of the above transactions upon accounting equation (increase or decrease upon assets, liabilities, capital, revenue or expenses). (15 marks) (b) Prepare journal entries for all the above transactions with narrations in appropriate format of journal. (15 marks) {30 marks }