Exercise 1 Indicate which of the following transactions relate to Clive's business as a newsagent and which are his personal transactions: 1 50 win on Premium Bonds owned by Clive. 2 100 paid for the following advertisement on a hoarding at the local football ground: 'Clive's for all the up-to-date news'. 3 Payment to the newspaper wholesaler, 1,260. 4 Sale of unsold newspapers to a local fish-and-chip shop. 5 Purchase of a new car for family use, although it will be used each morning to collect papers from suppliers.