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Question ? Aminah opened a laundry shop on September 1, 2006. During the 1st month of operation, the following transaction occurred: Sept 1 invested RM20,000 cash in the business 2 paid RM 1,000 cash for store rent for the month of September 3 purchased washers and dryers for RM 25,000 paying RM 10,000 in cash and the balance by obtaining a personal loan from bank 4 paid RM1,200 for a one year accident insurance policy 10 received a bill of RM 200 from The KL Times" for the advertising the opening of the laundry shop 17 Withdrew RM700 cash for personal use 30 Determined that cash receipts for laundry fees for the month were RM 6,200 Required: a) Indicate the effect of each transaction with either, increase (+) or decrease (-) or no effect (NE) in asset, liabilities and owner's equity. b) Prepared Journal Entries