Could you explain on this

Group Assignment - 5 questions, totaling 100 marks = 20% - Due Date: End of Week 12 Answer ALL 5 questions. Question 1 (15 marks) Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested RM15,000 cash in business. Purchased used car for RM4,000 cash for use in business. 9 Purchased supplies on account for RM500 11 Billed customer RM1,800 for services performed 16 Paid RM200 cash for advertising. 20 Received RM700 cash from customers billed on 11 March. 23 Paid Ah Meng RM400 cash on balanced owed. 28 Paid RM1,500 cash salary to administrative assistant. 29 Withdrew RM2,000 cash for personal use. For each transaction, indicate the following: ) The basic type of accounts (asset, liability, owner's equity, revenue, expenses) b ) The specific account to be debited or credited. Whether the specific account is increased or decreased. d) Accounts to be debited and credited. NOTE: Use the following format, in which the 2 March transaction is given as an example. Date Basic type Specific Effect Account Account account debited credited March 2 Asset Cash Increase Cash Owner's equity Capital Increase Capital