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1.Write up the accounts to record the following transactions 2016 March 1 Started business with $75,000 in the bank and Motor car valued at $12,000
1.Write up the accounts to record the following transactions 2016 March 1 Started business with $75,000 in the bank and Motor car valued at $12,000 2.Received a loan of $155,000 from Union Bank 3. Bought a machine for $2,600 paying by cheque 5. Bought a display furniture on credit from Elizabeth Ltd $4,000 15. Repaid part of Union Bank's loan, $3,000 16. Paid salary $1,250 by check 16. bought more furniture $2,500 cash 17. paid amount owing to Elizabeth Ltd $4,300 by cheque 24. Repaid part of the loan of Union Bank $10,000 by check 31. Bought a printer on credit from TJB for $500
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