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11. There are 5 forms of settlement: bank, barter, capital, cash, and IOU. For each of the following 5 transactions complete the table below with:

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11. There are 5 forms of settlement: bank, barter, capital, cash, and IOU. For each of the following 5 transactions complete the table below with: (6) The form of settlement (ii) The account to be debited (ii) The account to be credited (iv) The amount (a) A business sells goods for 90 to L.A. Zee on 30 days credit. (b) An architect buys an A1 printer for 2,800 by bank transfer from his sonal bank account. (c) A lawyer settles a debt owed to Faulty Dealers of 1,200 by transferring an amount owing from Generous Helpings Ltd. (d) A farmer wanted 800 for a 2-year old bull. He was offered a herd of 12 sheep which he accepted as payment in full. (e) Using a cheque, a firm pays eBay 400 sales fees for the month of June. O Form of Settlement (W) Account Debited (1) Account Credited (a capital cash capital (b) (C) (d) (e) (iv) 90 2,800 1,200 800 400

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