$2\mathrm{.}4$ Complete the following statements:

$6$ marks

a$.$ To increase an asset, you make $$ entry in the journal.

b$.$ To decrease an asset, you make $$ entry in the journal.

c$.$ To increase a liability, you make a $$ entry in the journal.

d$.$ To decrease a liability, you make a $$ entry in the journal.

e$.$ To increase capital, you make a $$ entry in the journal.

f$.$ To decrease capital, you make $$ entry in the journal.

$2\mathrm{.}5$ Complete the columns to show how much the assets, liabilities and capital have been changed by the following transactions. $12$ Marks

Effect upon

Transactions

$($a$)$ We pay a creditor in cash $$700.$

$($b$)$ Bought fixtures paying by cheque $$2,000$

$$ Bought goods on credit $$2,750$

$($d$)$ The owner puts $$5,000$ cash into the firm.

$J.$ Walker lends the firm cash $$2,000$

$($f$)$ A debtor pays us by cheque $$500$

$($g$)$ Bought additional shop premises paying by cheque $$50,000$

Assets Liabilities Capital

cash $-$ creditor