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For each of the transactions below complete the table. Use the following abbreviations: Account Type: A Asset; E Expense, L Liability; DE Owner's Equity; R

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For each of the transactions below complete the table. Use the following abbreviations: Account Type: A Asset; E Expense, L Liability; DE Owner's Equity; R Revenue. Increase or Decrease: + Increase; - Decrease. Debit or Credit: Dr Debit; Cr Credit. Transaction Increase Dr Decrease Purchased trading inventory for cash Paid rent for shop premises Bought Office furniture for cash Sold goods on credit Received payment for goods sold on credit

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