[20] QUESTION 3 Analyse the transactions, according to the example and headings given below. EXAMPLE: Issued cheque to Oxtot Agencies for R4 000 being rent for the month. No. A/C Dr. A/C Cr. A O e.g. Rent Expense Bank -R 4000 -R 4000 The following transactions have been extracted from the books of Oxtot Agencies + L 1. O Tot introduced R50 000 as his capital contribution. 2. Cash purchases of merchandise, R15 000. 3. Credit sales to R Randle, R16 000. Cost price, R12 000. 4. Credit purchases from O Let, R18 000. 5. Bought a motor vehicle on credit from H Hak for R38 000. 6. Advertisement in the local press, paid for by cheque, R750. 7. Paid the outstanding amount to O Let by cheque. 8. Furniture acquired from Furn Furnishers (creditor) for R5 500. 9. Electricity account of R1 500 paid by cheque. 10. Paid monthly rent of R6 500 to Remac Properties