2:

The following are the transactions of Kristines business during her first month of trading.

(a) Kristine starts a business and pays in $5,000 as capital

(b) The business buys a car for $1,000 cash

(c) They buy goods for resale for $500 cash

(d) They buy more goods for resale for $600on credit (Accounts Payable)from Mr A

(e) They pay rent (Expense) of $200 cash

(f) They sell half the goods for $800 cash

(g) They sell the remaining goods on credit for $900 toMrs X

(h) They pay $400 cash on account of the amount owing to Mr A

(i) They receive $500 fromMrs X

(j) Kristine withdraws $100 cash from the business

Required: Record each transaction in Double Entry Bookkeeping System: