NCUK Test practice Question V2 18/19 Students to complete this in word, below the question. (b) A business undertakes the following transactions during the first week of June 2018: A: Buys a van on credit from Smith Garages Ltd for 10,000 B: Bount goods on credit from Jones & Sons, costing E750 C: Sold goods on credit to Anderson for E540 D: Paid Brown, a credit supplier 600 E: Donald Ltd a credit customer pays 300 by cheque. F: Paid wages in cash, 900 G: Received a bill for rent for office premises of 1,250 from A&B Property H: Paid A&B E500 towards the property rental outstanding 1: Paid advertising costs of E50 in cash J: Transferred 400 from bank to business cash account. K: Received a credit note for E300 from supplier Grahamston & Co L: Sent out a 150 credit note to customer Maxwell Required: Identify the correct debit and credit for each of the transactions [7] above. (Note, there is no need to enter the transactions into ledger taccounts). PUT YOUR ANSWER HERE: Debit A) credit