Required: Prepare journal entries for the above transactions. Marks are allocated for narrations. (20 marks)

On 1 May, 2021, LCW started business with RM100,000 and other transactions for the month were: Date May 2 May 8 Transactions Purchase Furniture for Cash RM17,000 Purchase Goods for Cash RM12,000 and for Credit RM10,000 from Mimi Retail Store. Sold Goods to Goh Brothers RM12,000 and Cash Sales RM5,000. May 14 May 18 May 22 Owner withdrew goods worth RM1,000 for personal use. Paid Mimi Retail Store RM5,000. May 26 May 30 Received RM15,000 from Goh Brothers. Paid Salaries Expense RM 2,000. May 30 May 30 Received electricity bill of RM508. Ordered a new laptop at RM2,200 with Ace Computer. ...3/