The following are the transactions of Satu Harapan Enterprise for the month of July 2018. Date Transactions July 1 Started the business with the owner invested RM 23,000 cash. July 2 Purchased goods for cash RM12,500 July 3 Purchased goods on credit RM 5000 from Mr Herdy July 5 Bought fixtures and fittings RM 1150 on credit from Mr Rahimi July 10 Bought equipments by cash RM4100 July 12 Sold goods for cash RM 9,800 July 14 Sold goods on credit to Mr Begga RM 700 July 19 Received cash from Mr Begga RM 350 July 20 Paid to Mr Herdy RM 5000 by cash July 26 Paid for electricity RM 229 by cash July 27 Paid for postage expenses by cash RM50 July 28 Receive a rental income in cash RM 138 July 29 Owner of Satu Harapan Enterprise took cash for personal use RM 80 You are required to: a. State the effect of each transaction on accounting equation. Example for the transaction on July 1 is shown below: (12 marks) DATE ASSET LIABILITY OWNER EQUITY Effect Account Amount Effect Account Amount Effect Account Amount July 1 Increase Cash 23,000 Increase Capital 23,000 July 2 July 3 July 5 July 10 July 12 July 14 July 19 July 20 July 26 July 27 July 28 July 29 b. Prepare the journal entries for each transaction. Please omit the explanation. Example for the July 1 transaction is shown below: Date Transaction Debit RM Credit RM July 1 Cash Capital 23000 23000 July 2 July 3 July 5 July 10 July 12 July 14 July 19 July 20 July 26 July 27 July 28 July 29