5 points 2018 December 1. Teena, set up a business to trade under the name of The Book Shop. She opened a business bank account and paid in $40000 as capital. 2. The business purchased premises, $30000, and paid by cheque 3. The business purchased goods, $6000 on credit 4. The business sold goods, at the cost price of $2000 on credit Prepare Balance sheet of The Book shop after each of the transactions shown