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Question 1 Mr. Azmi established a tour agency on 1 January 2021. The transactions for the month are as follows: Date 1 Transactions Started in business and deposited RM60,000 into a bank account opened specially for the business. 2 Purchased goods by cheque for RM1,000. 10 Received cheque of RM5,000 from customer on the services provided. 11 Paid by cheque RM500 to advertise the business in the newspaper. 12 Paid rental RM800 by cheque. 14 Owner took goods RM300 from the business for personal use. 25 Owner buys some goods for RM7,000 from Salleh, and agrees to pay them within the next two weeks. 27 Provide services valued at RM4,000 to a customer. The customer promised to pay next month As per the example provided below, you are required to: 1 January 2021- Started in business and deposited RM60,000 into a bank account opened specially for the business. 2019 Effects Account to be debited Account to be Book credited prime of entry General Capital RM60,000 journal Bank RM 60,000 Jan 1 Increase bank Increase capital a) Show the effects (increase/decrease) upon assets, liabilities, expenses, revenue and owner's equity for the transactions. (4 marks) b) State the journal entries (debit/credit). (4 marks) c) Identify the appropriate book of prime entry to record the transactions. (2 marks) (Total:10 Marks)