Teguh Jati Company is setting up a new business this month. Before actually selling anything, he bought a car for RM 84300, premises for RM 3000 and stock of goods for RM 1500. He did not pay in full for his stocks of goods and still owes RM 36500 in respect of them. He borrowed RM 3000 from Kacey. After the events juts described, he has RM 664 cash in hand and RM 700 cash at bank. Calculate the amount of his capital. (6m) 2- Draw Jay's balance sheet from the following information as at 31 December 2008: (8m) RM Capital 24,600 Debtors 4,950 Motor Vehicles 5,700 Creditors 2,450 Fixtures 5,500 Stock of goods 8,800 Cash at bank 2,100 3- Define Asset and Liabilities based on your understanding. (6m) 4- What is the difference between trade receivables and trade payables?