part A (a) and (b)

Part A Below are the transactions occurred in Mai Li Company for the month of January 2021. 1. The owner, Mai Li, invests RM40,000 in cash in starting a real estate office operating as a sole proprietorship 2. Purchased RM500 of supplies on credit. 3. Purchased equipment for RM9,000 on credit, by signing a 30-day, RM9,000, note payable. 4. Real estate commissions billed to clients amount to RM4,000. 5. Paid RM800 in cash for the current month's rent. Instructions: (a) Prepare journal entries for the above transactions. (b) Based on the journal entries in (a), prepare the Cash T-account (10 marks)