Reflect the following transactions in the respective accounts: Oct. 1 Started business with 5,000 in the business
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Reflect the following transactions in the respective accounts:
Oct. 1 Started business with €5,000 in the business bank account.
Oct. 3 Bought motor vehicle costing €2,200, which was immediately paid by cheque.
Oct. 4 Bought office furniture costing €400 by cheque.
Oct. 5 Returned faulty office furniture of €50. A refund was provided, which was deposited in the cash till.
Oct. 11 Bought machinery costing €950, which was purchased on credit from Novitex.
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Related Book For 
Financial Accounting: From Its Basics To Financial Reporting And Analysis
ISBN: 9781527547261
1st Edition
Authors: Simeon Spiteri
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