Reference no: EM132762019

Question - Below are the transactions for Alex in Jan 2019:

1: Alex commenced business by depositing cash RM80,000 in the bank as capital.

4: A machine was purchased and paid for with company cheque for RM42,000.

8: Alex purchased goods for resale amounting to RM17,500 on credit.

12: Alex made a cash sales of RM4,800; cost of good sold was RM2,600.

16: Alex received a bank loan of RM30,000, the money was credited to the business bank account.

20: Alex brought in his personal car for business use, the car was valued at RM65,000.

23: Alex purchased goods for resale amounting to RM35,600, he paid the supplier by cheque.

27: Alex paid supplier RM17,000 for the goods purchased on 8 Jan 2018, discount received RM500.

30: Alex bought a computer for RM5,200 by cheque.

Required - Prepare the accounting equation for the month of January 2019.