Accounting Equation + Journal

Accounting Equation + Journal Purchased supplies RM290 by cash. - Debit Supplies Credit Cash Purchased office equipment worth RM 32,000 using loan. - Debit Office Equipment Credit Loan Received a cash payment of RM10,000 for goods sold. - Debit Cash Credit Revenue Paid the bank loan repayment RM250 by online transfer. - Debit Loan Credit Bank Purchase building costing RM 350,500 by using long term loan from Maybank. - Debit Building Credit Long Term Loan Buy products from Protona Holding worth RM14,000 on credit. - Debit Purchase Credit Account Payable The owner withdraws goods worth RM 600 for personal use. - Debit Drawing Credit Purchase Paid RM800 for office rent for the month by cash. - Debit Office Rent Credit Cash Owner withdrew RM200 cash from the business for his own use. - Debit Withdrawal Credit Cash Received rent payment from tenants for RM450 by cash. - Debit Cash Credit Rent received Received invoice from Ana Ent RM8,000 and Guess Ent RM4,300 for goods purchased. - Debit Purchase Credit Account Payable Owner bring his personal car into the business as for the business purpose which amounted RM26,000. - Debit Vehicle Credit Capital Paid RM250 for utilities using a cheque. - Debit Utility Expense Credit Bank Paid RM1,000 for employee salaries using cash. - Debit Salary Expense Credit Cash Purchased a used equipment for RM12,000 on credit. - Debit Equipment Credit Account Payable