4.19 + L04 From the following descriptions of business transactions, choose two appropriate column headings for the worksheet. Justify for each description your choice of heading. (a) The owner contributes capital to the business. (b) The business purchases cabinets and shelving for the business on credit from a furniture supplier. (c) The business purchases computers, printers and a digital camera for business use. (d) The owner withdraws cash for personal use. (e) The business provides services on credit. Worksheet for Advantage Tennis Coaching 2019 September Accounts receivable Office furniture Office equipment Accounts payable Loan Profit or loss Cash 20000 (500) Capital 20000 500 3000 3000 10000 (1000) 10000 (1000) No transaction 5000 (2 200) (1 800) (450) 5000 (2 200) 1 800 (450) 3800 (280) (2000) No transaction 3800 (280) (2000) 1400 1 400 500 6000 500 (6000 50 000 71270 Total 6800 50 000 50000 3200 6500 1400 20000 16370 Once all the transactions have been entered into the worksheet, each of the columns should be summed, and the total of the asset columns should be the same as the total of the liability and equity totals. In ample 4.4, the assets total 587 770 and the liabilities and equity total 587770. We can