Aq

From the following information, analyse with the reasons, giving the accounts to be debited and credited by American Approach (Modern) :: $ 1. Robert started business with 40,000 2. Purchased machinery 5,000 3. Paid wages 500 4. Received commission 400 5. Pay telephone bill 1,000 6. Cash sale to Tom 5,000 7. Paid rent in cash 500 8. Deposited cash into bank 1,000 9. The owner withdrew cash from the business for personal use 1,000