For each of the business transactions listed below, you are to enter in the Workbook:

a the account name, with debit account first b if the account entry is a debit or credit c the chart of account group name; that is CA, NCA, CL, NCL, OE, R, E d if the entry is an increase or decrease to the account balance.

The business transactions are:

– purchase of inventory with debit card; periodic inventory applies

– purchase of inventory with debit card; perpetual inventory applies

– stationery purchased on credit

– purchase of equipment on credit, the acceptance of a bill payable and bill met

– dishonour of cheque from a credit customer

– bad debt recovered

– cash sale of inventory, where periodic inventory applies

– cash sale of inventory, where cost of the inventory is known

– owner took funds for personal use

– purchased office furniture on credit

– sale of motor vehicle for cash at book value

– interest charged on overdue account receivable.