Required: March 2021 Transactions 5 Credit sales to Starex Enterprise amounting to RM50,000. 10 Jamil, a debtor, sent a cheque for RM2,380 in part settlement of a debt of RM3,490. Tuah Azman wrote the balance off as a bad debt. 14 Tuah Azman took goods amounting to RM1,790 and withdrew cash, RM875, for personal usage. 18 Paid fire insurance premium amounting to RM1,000 by online banking. The business imported a machine from Excel Pte Ltd. The details of expenditure related to this machine were as follow. All payments in Ringgit Malaysia were made by direct telegraphic transfer. Price of machinery 40,000 22 22 General administrative costs 1,000 Insurance on shipment 5,000 Import duties and taxes 2,000 Delivery costs 2,000 Installation charges 4,000 3,000 27 Testing of machine for samples Received payment from Starex Enterprise for RM35,000 by cheque. (b) Prepare the journal entries for all the above transactions with narrations. (10 marks)