Craig Campbell commenced his own courier service, Campbell's Couriers. Set out below are some transactions of the

Question:

Craig Campbell commenced his own courier service, Campbell's Couriers. Set out below are some transactions of the business.
1. Purchased a second-hand delivery truck for $21 000 on credit
2. Placed an advertisement to run for four weeks in the local paper paying $160
3. First month's income from deliveries received in cash $1400
4. Deliveries in the first month made on credit, where payment has not yet been received, $910
5. Paid account at the local service station for the first month's petrol - $280
6. Craig withdrew $800 from the business at the end of the first month to meet his personal expenditure requirements.
7. Received $400 of the amount owing from the sales referred to in transaction (4) above.
Required:
Using the set out provided below, for each of the transaction for Campbell's Couriers:
€¢ Choose names for each account affected
€¢ Indicate the type of account. Use only asset (a), liability (l) and owner's equity (oe) types do not use income and expense types
€¢ Indicate whether each account type is increasing or decreasing.
€¢ Indicate by what amount the account has changed.
Sample: Craig Campbell paid $50 000 into a business bank account to commence his courier service.