Using transaction below, how you set up a simple journal of a balanced accounting equation for both transaction for Ilmu store.

Abdul Hamid started a shop named ilmu store selling book on 1st December 2013. The following transactions occurred in December.

Dec 1 Started business with RM 180000 in cash

Dec 2 Opened a bank account with Allied Bank with RM 90000

Dec 6 Bought book on credit from B&B Ltd for RM 6000

Dec 12 Bought a motor van for RM 40000 paying by cheque no 3113

Dec 18 Bought office furniture from Zain Bhd for RM 55000 on credit

Dec 19 Paid rent by cheque RM 2000

Dec 20 Bought some more books by cheque for RM 10000

Dec 21 Paid renovation expenses to the shop for RM 2100 by cheque

Dec 25 Took some books home for his daughter at a cost of RM 300

Dec 30 Borrowed a loan of RM 60000 from Malayan Bank. The money was deposited into the bank

Dec 31 Bought a photocopying machine on credit for RM 30000 from Zain Bhd