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.

If appropriate, assume the periodic inventory system is used.

The business transactions are:

– interest charged on overdue accounts receivable (no GST)

– remitted rent

– purchased inventory with a debit card

– sold machinery on credit at its book value

– owner introduced more funds into the business

– owner took goods for personal use

– purchase of a computer on credit

– rental revenue deposit direct into account

– sale of inventory on credit

– acceptance of bill receivable and bill met at due date

– bad debt written off.