2.1 Indicate which of the following transactions relate to Clive’s business as a newsagent and which are his personal transactions:

1 £50 win on Premium Bonds owned by Clive.

2 £100 paid for the following advertisement on a hoarding at the local football ground:‘Clive’s for all the up-to-date news’.

3 Payment to the newspaper wholesaler, £1,260.

4 Sale of unsold newspapers to a local fish-and-chip shop.

5 Purchase of a new car for family use, although it will be used each morning to collect papers from suppliers.