(ii) The following transactions are the activities of Excel Ltd in the month of August 2021. Aug Started a business with cash in hand RM45,000, and cash at bank RM80,000. 8 Bought electrical appliances RM10,600 by cheque. 14 Bought goods RM15,000 by cash. 26 Paid office expenses RM500 by cash. 30 Sold goods RM10,000 to Rahim by credit. Discount 5%

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