Reference no: EM132581178

Anisah the owner of Seri Aura Enterprise commenced her business in Rompin Pahang on 1st January 2020, selling health products to various agents in Muadzam. She started her business by depositing RM60,000 cash into the business bank account.

Below are the related transactions for the month of January:

January

2 Bought motor vehicle for RM20,500 by cheque.

5 Purchased goods on credit from Selamat Trading for RM2,800.

6 Received a loan from bank of RM25,000 by cheque.

7 Sold goods on credit to Aman Enterprise for RM7,500.

10 Purchased goods for RM4,300 and paid by cheque.

18 Sold goods for RM6,200 and received a cheque for that transaction.

19 Paid Selamat Trading for RM2,800 by cheque as full settlement.

23 The business paid RM200 for motor vehicle expenses by cheque.

24 Paid RM250 for utility bills by cheque.

25 Paid salaries to workers by cheque for RM2,500

26 The owner took out RM500 for personal use using business cheque.

Required:

Question (a) Show the effects of each transaction on the expanded accounting equation using the following format