QUESTION $2[20$ MARKS$]$

$2$a$.$ Show the accounts involved in the May transactions below under the five main headings of the financial statement $($I$.$e$.$ assets, liabilities, equity$/$capital$,$ revenue, and expenses. $(7$ marks$)1$ Brian Smith started a business by investing P$10,000$ in cash $3$ Purchased premises for P$14,000$ payable in $10$ equal annual instalments. $4$ Paid the first instalment from $3$ May. $4$ Purchased P$1,500$ of decorating supplies on credit. $5$ Paid wages, P$2,000.8$ Received P$8,000$ for services sold. $8$ Invested a further P$3,000$ in the business $10$ Bought a van for P$2,000$ cash. $11$ Sold services on credit for P$4,000.12$ Paid for the supplies from $4$ May. $15$ Paid registration on van, P$30016$ Received P$3,000$ from clients from $11$ May service. $16$ Withdrew P$1,000$ for own use.

$2$b$.$ Advise what accounts would be debited and credited. $(13$ marks$)$