Analyse the following transactions using the rules of debit and credit under modern classification of accounts: (i) Steve started business with cash$ 3,00,000. (ii) Purchased machinery for $60,000 in cash from Otis Traders. (iii) Borrowed $35,000 from Helen (iv) Purchased goods for cash $45,000. (v) Purchased goods on credit from Danny $55,000. (vi) Sold goods for cash $30,000. (vii) Cash paid to Danny $15,000. (viii) Sold goods on credit to Bob $ 32,000.