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

a the account name, with the debit account first b whether 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 whether the entry is an increase or decrease to the account balance.

Where appropriate, assume the perpetual inventory system is used.

The business transactions are listed below.

– Commenced business with cash and inventory

– Purchased stationery with business debit card

– Sold inventory on credit

– Purchase of motor vehicle with bank cheque

– Purchased inventory on credit