Question: ASSIGNMENT 2: CLOZ Answer all the questions and show your detailed workings clearly and systematically. Question 1: The following transactions were recorded in the first

ASSIGNMENT 2: CLOZ Answer all the questions and show your detailed

ASSIGNMENT 2: CLOZ Answer all the questions and show your detailed workings clearly and systematically. Question 1: The following transactions were recorded in the first month of the business for Rosewood Enterprise: Date Transactions Sept 1 Puan Rosnah invested cash of RM20,000 into her business, called Rosewood Enterprise. Sept 3 Rosewood Enterprise bought a few sets of furniture on credit at the price of RM2,500. Sept 5 Rosewood Enterprise purchased equipment worth RM350 on credit from Buzz Sdn. Bhd. Sept 11 Rosewood Enterprise received RM475 from customer for services provided. Sept 17 Puan Rosnah withdrew cash of RM100 from the business for her personal use. You are required to analyse the effects of the above transactions to the accounting equation by using the format given below: Assets Liabilities + Owner's Equity

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