For each of the business transactions listed below, you are to enter in the Workbook:

a the account name, with debit account first b if the account entry is a debit or credit c the chart of account group name; that is CA, NCA, CL, NCL, OE, R, E d if the entry is an increase or decrease to the account balance.

The business transactions are:

– sold old office equipment, at book value, on credit

– recovered a bad debt written off in the previous accounting period

– cash sale of goods with periodic inventory

– cash sale of goods with perpetual inventory

– supplier charged the business interest on overdue account (no GST).