B: PROBLEM SOLVING There are THREE (3) questions in this section. Answer ALL questions. Question 1 (90 MARKS) A. Show the effects upon assets, liabilities, owner's equity, revenue, and expenses by using the format given below. Example: Transactions Effect Paid salary by cheque RM2,000 Increase expenses Decrease assets i. Lisa the owner of the company contributed RM50,000 cash into the business. ii. Cash sales to Baba amounted to RM5,000. iii. Purchase goods from Lion Enterprise RM800 on credit. iv. Took out RM5,000 of cash from the bank to pay salaries. v. Paid audit fees RM6,000 by cheque. vi. Purchase land for use as a parking lot, paying by cheque RM45,000. vii. Received dividend by cheque from Amanah Saham Rakyat RM3,000. viii. Bought RM300 stationeries on credit from Modern Bookstore. ix. The owner took RM200 cash for her personal use. x. Paid by cheque monthly rent to landlord RM1,500. 5 (10 marks)