Question $2$: Assume that the following transactions took place in May $2018,$ during its first month of operations, for The Garden Shop. May $1$ Started business with RM$350,000$ in the bank, RM$50,000$ in cash. May $1$ Received loan from City Bank by cheque RM$50,000.$ May $1$ We purchased the assets of Real$-$Value Landscapers for RM$75,000$ in cheque. The assets consisted of motor van of RM$60,000,$ supplies of RM$4,000,$ and fixtures and equipment of RM $11,000.$ May $2$ Paid rent on a premise for RM$7,200$ by cheque. May $3$ Purchased display equipment for $ $10,000$ from Northern Supply Company. Paid RM$2,000$ cash, the balance to be paid in $60$ days. May $4$ Purchased goods on credit from Quik Wholesale. Cost of the goods was RM$44,100.$ May $4$ Paid RM$1,800$ cheque for supplies, which were recorded as an asset. May $5$ Sold goods totaling RM$25,000$ to Ace Nursery on credit. May $9$ Purchased goods costing RM$30,000$ from Plants, Inc., on credit. The transportation cost for the goods totaled RM$250$ and was paid in cheque. May $11$ Received full amount due from Ace Nursery, less cash discount $5$ percent. May $12$ Paid salaries totaling RM$3,000$ by internet transfer. May $13$ Sold goods totaling RM$12,000$ to Man Seng Enterprise on credit. May $20$ Cash sales of goods, RM$15,000.$ May $20$ Cash drawing RM$300.$ May $22$ Took RM$200$ of the cash and paid it into the bank. May $24$ Purchased office equipment on credit from KT Equipment at a cost of RM $3,600.$ May $25$ We returned defective goods costing RM$1,200$ to Plants, Inc. May $26$ Sold goods totaling RM$24,000$ to Rite$-$Way Construction. Rite$-$Way paid RM$6,000$ cheque and put the balance on credit. May $28$ Paid the amount due to Quak Wholesale by cheque, less cash discount $5$ percent. May $29$ Purchased goods on credit from Handy Dandy Supply for RM$6,000.$ May $30$ Ace Nursery settled his account by cheque, less $5$ percent cash discount. Required: Enter the above items in the relevant day books. $($Total $40$ marks$)$