Show the debit and credit accounts of the following transactions in the ledger and what effect (i.e., income/decrease) they have on assets, liabilities, capital, income and expenses. The first one is done as an illustration.

(a) Pay wages of £7,000 Debit effect Credit effect Wages: increases an expense Bank: decreases an asset

(b) Introduces £10,000 capital by way of a cheque.

(c) Buys a hotel £9,000 by cheque.

(d) Pays electricity £300.

(e) Sales £9,000 cash.

(f) Purchases £3,000 on credit from A. Taylor.