A5.5 [S] Analyse each of the following transactions to show the two aspects of the transaction:

(Section 5.3)

Apr. 1 Jane Gate commenced her dental practice on 1 April by depositing £60,000 in a business bank account.

Apr. 1 Rent for a surgery was paid, £800, for the month of April.

Apr. 2 Dental equipment was purchased for £35,000, paying in cash.

Apr. 3 Dental supplies were purchased for £5,000, taking 30 days’ credit from a supplier.

Apr. 4 Fees of £1,200 were collected in cash from patients and paid into the bank account.

Apr. 15 Dental assistant was paid wages for two weeks, £700.

Apr. 20 Jane Gate withdrew £500 cash for personal use.

Apr. 21 Fees of £2,400 were collected in cash from patients and paid into the bank.

Apr. 29 Dental assistant was paid wages for two weeks, £700.

Apr. 29 Invoices were sent to patients who are allowed 20 days’ credit, for work done during April amounting to £1,900.

Apr. 30 Telephone bill for April was paid, £80.

Apr. 30 Dental supplies unused were counted and found to be worth £3,500, measured at cost price.