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Write the below transactions into appropriate t-accounts and balance off all accounts at the end of March 2020. Mike commenced business at the beginning of

Write the below transactions into appropriate t-accounts and balance off all accounts at the end of March 2020.

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Mike commenced business at the beginning of 1 March 2020. In the month of March, the following transactions had taken place: 2020 March 1 Started business with RM8,000 in the bank. 2 Bought goods on credit from Foo RM550. 5 Perform cash sales RM1550. 6 Made payment for wages using cheque RM110. 7 Sold goods on credit to Son RM295. 31 Purchased van by cheque RM6, 250

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