Question: Answer the Question 1 step by step based on the picture given. thank you Double Entry System Question 1 You are required to open the

Answer the Question 1 step by step based on the picture given. thank you

Answer the Question 1 step by step based on the picture given.

Double Entry System Question 1 You are required to open the asset and liability and capital accounts and record the following transactions for June 20X8 in the records of P Bernard. 20X6 Debited Credited June 1 Cash Capital Started business with RM12,000 in cash. Paid RM11,700 of the opening cash into a 2 bank account for the business. 4 Bought office furniture on credit from Dream Bhd for RM1,900. 8 10 Bought a van paying by cheque RM5,250. Bought equipment from Pearce & Sons on credit RM2,300. 15 Returned faulty office furniture costing RM120 to Dream Bhd. 17 Sold some of the equipment for RM200 cash. 21 Paid amount owing to Dream Bhd RM1,780 by cheque. 22 Took RM130 out of the bank and added to cash. 24 F Brown lent us RM4,000 - giving us the money by cheque

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