How to do it

1. Selected transactions for Bakar Enterprise, an interior decorator, are as follows: Mar Invested RM15,000 cash in business 3 Purchased used car for RM4,000 cash for use in business 9 Purchased goods on account for RM500 11 Billed customer RM1,800 for services performed 16 Paid RM200 for advertising by cash 20 Received cash RM700 from customers billed on 11 January 23 Paid Ah Chong RM400 cash on balanced owed 28 Paid the administrative assistant RM1,500 salary in cash 29 Withdrew RM2,000 cash for personal use For each transaction indicate the following: a) The basic type of account debited and credited (asset, liability, owner's equity) b) The specific account to be debited or credited c) Whether the specific account is increased or decreased d) The normal balance of the specific account Use the following format, in which 2 March transaction is given as example. Account Debited Account Credited Date Basic Specific Effect Normal Basic Specific Effect Normal Type Account Balance Type Account Balance Cash Mar 2 Asset Increase Debit Owner's Capital Increase Credit Equity Mar 3 Mar 9 Mar11 Mar16 Mar20 Mar23 Mar28 Mar29