QUESTION 2 a) Selected below are the transactions incurred for the year ended 2019 of Kelly Bhd. Debit Credit Normal Balance 1. Salaries and Wages Expense. 2. Accounts Receivable. 3. Service Revenue. 4. Share Capital-Ordinary. 5. Dividends. Required: Indicate the effect of a debit or a credit on the account and the normal balance. Increase (+), Decrease (-) (10 marks) b) Sein Enterprise commenced his business on 1 October 2019. The following balances brought forward as at 1 November 2019. Cash in hand Cash at bank RM5,000 RM3,000 3 8 The following were the transactions for the month of November 2019. November Paid rent of RM1,300 by cheque. 5 Cash sales RM700. 6 Cash sales banked directly into the bank RM900. Received cheque RM1,200 for sales. 12 Purchased goods by cheque RM450. 14 Purchased goods by cash RM600. 18 Sold goods on credit for RM2,500. 20 Bought shop fittings of RM5,000 by cheque. 23 Commission received RM700. 25 Paid utilities of RM260 by online banking. 27 Returned goods costing RM120 to Dally. 28 The owner took cash of RM100 for personal use. 29 Sein introduced further capital of RM6,000. 30 Bought furniture of RM880 by cheque. Required: Prepare a two-column cashbook. (15 marks)