You are required to prepare a written report for the following tasks: Transactions for the month of January of Joy Delights Caf are given as the following. 2021 Jan 1 Started in business with RM105,000 cash 2 Put RM90,000 of the cash into a bank account 3 Bought goods for cash RM5,500 4 Bought goods on credit from: Eddy RM800; Franky RM930; Smith RM160; Liew RM510 5 Bought stationery on credit from Buttons Ltd RM89 6 Sold goods on credit to: Tomy RM170; Eric RM240; Malcom; RM326; Tim RM204. 8 Paid rent by cheque RM220 10 Bought fixtures on credit from Chiefs Bhd RM610. 11 Paid salaries in cash RM790. 14 Returned goods to Franky RM30; Smith RM42. 15 Bought van by cheque RM6,500. 16 Received loan from Barclay by cheque RM2,000. 18 Purchases return: Tomy RM5; Malcom RM20. 21 Cash sales RM145 24 Sold goods on credit to Eric RM130, Tim RM410; Paul RM158. 26 Ravilink paid the following by cheque: Franky RM900; Smith RM118. 29 Received cheques from Paul RM158; Eric RM370. 30 Received a further loan from Barclay by cash RM500. 30 Received RM614 cash from Tim.

a) record the transaction above showing the closing balances for each account.