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4- Cameron Findlay opens his fishing tackle shop on 1 June 2008. During that month he makes the following business transactions: (a) paid $1,500 into
4- Cameron Findlay opens his fishing tackle shop on 1 June 2008. During that month he makes the following business transactions: (a) paid $1,500 into a business bank account (b) paid one month's rent of $230 (c) purchased rods for $420, by cheque (d) purchased nets for $180, by cheque (e) sold some of the rods for $240 cash () purchased live bait for $10, by cheque (g) sold live bait for $16 (h) purchased flies for $80, by cheque (i) paid shop assistant's wages of $95 6) sold some of the flies for $50 (k) paid sundry expenses of $10. Required: transactions (11 marks) the following ledger accounts. Cash at bank account Capital account Rent account Purchases account Sales account Wages account Sundry expenses account 5
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