Enter the following transactions in the appropriate accounts: 1 Started in business with 7,400 cash. 2 Paid 7,000 of the opening cash into the bank. 4 Bought goods on time 410 from J. Watson. 5 Bought a van by cheque 4,920. 7 Bought goods for cash f362. 10 Sold goods on time 218 to L. Less. 12 Returned goods to J. Watson 42. 19 Sold goods for cash f54. 22 Bought fixtures on time from Firelighters Ltd 820. 24 F. Holmes lent us 1,500, paying us the money by cheque. 29 We paid J. Watson his account by cheque 368. 31 We paid Firelighters Ltd by cheque 820. The next two questions relate to Question 3.4A from the Wood and Sangster textbook. Complete the question and answer the following: What is the entries on the credit side of the cash account at the end of August 2019? Bank 7,000, Purchases 362 Capital 7,000, Purchases 362 Bank 7,000, Sales 54 Purchases 362, Sales 54 Question 3.4A from the Wood and Sangster textbook. What is the closing balance brought down on the purchases account at the end of August 2019? E410 debit E772 credit E772 debit E362 credit