Question: step by step Question 1 [10 marks] Complete the columns to show the effects of the following transactions: Example Bought van by cash. a) b)
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Question 1 [10 marks] Complete the columns to show the effects of the following transactions: Example Bought van by cash. a) b) c) d) h) i) j) Received part payment from Jack Furniture by cheque. Bought goods from Mary Enterprise by cash. Sold office equipment to Flint Supplies on time. Paid part payment of loan from John by cheque. Sold goods on time. Owner takes out money from business cash register for personal use. Purchase goods on credit. Debtors paid half of the amount due by online transfer. Returned defect goods to supplier whose bill we had not paid. We received returned goods from one of our debtor, Linda Spa. Effect upon: Assets Van Increase Cash Decrease Liabilities Capital
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