Question 2 Copy and complete the table below for the following transactions: ( 1 mark for each question)

Question 2 Copy and complete the table below for the following transactions: (1 mark for each question) Effects Of transaction on Transaction Assets 50,000 Owner' s equity 50,000 Liabilities a b. d g h k Commenced business with cash RM50,OOO Borrowed money from friend RM7,OOO Bought equipment RM3,OOO on credit worth Bought goods valued RM6,OOO by cash at Take out good worth RM400 for private use Settled the annount owing for the equipment bought Repaid loan taken from a friend with cash RM7,OOO Paid rental RM500. Paid insurance RM900_ Bought motor vehicle by cash RM20,OOO. Paid deposit for utility RM300