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:

– dishonour of cheque received from customer

– remitted rent to landlord

– interest revenue charged on customer’s overdue account

– purchased motor vehicle by electronic transfer of funds

– remittance received from a credit customer with discount

– commenced business with bank machinery and motor vehicle

– purchased computer on credit

– stationery purchased by debit card

– supplier charged interest on overdue account

– sale of inventory on credit; periodic inventory applies

– cash sale of inventory on credit; perpetual inventory applies

– owner took stock for private use; periodic inventory applies

– stock withdrawn by owner for personal use; perpetual inventory applies.