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The following transactions were recorded in the first month of the business for MARY Enterprise: Date July 1 MS.Gan invested cash of RM20,000 into her
The following transactions were recorded in the first month of the business for MARY Enterprise: Date July 1 MS.Gan invested cash of RM20,000 into her business, called Mary Enterprise. July 3 Mary Enterprise bought a few sets of furniture on credit at the price of RM2,500. July 5 Mary Enterprise purchased goods worth RM350 on credit from Lizzy Sdn.Bhd. July 11 Mary Enterprise sold goods worth RM475 in cash. July 17 Ms.Gan withdrew cash of RM100 from the business for her personal use. Required to : (a) Analyse the effects of the above transactions on the accounting equation. (b) Record in the journal entries for all the transactions
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