Listed below are the transactions for West End Electric Repairs, owned by Ed Kenzie. Examine these transactions and complete your analysis on the transaction analysis sheet provided. Write the debit portion of each transaction before the credit portion. ( /11 T/I)

1) Bought a used delivery truck for $6 000 from Ardell Motors, terms $2 000 cash and the balance to be paid later. (3 marks)

2) Bought equipment for the office for $5 000 from Office Specialty, payment to be made within 30 days. (2 marks)

3) Paid $300 cash to Prince-Vincent Ltd. for monthly payment on the loan. (2 marks)

4) Received a cheque from W. Thomson, a customer, for $180. (2 marks)

5) Performed a service for Brian Reynolds for $300, payment to be made in 30 days (2 marks)

No.

Account Names

Asset (A), Liability (L), or Owners Equity (OE)

Increase (+) or Decrease ()

Debit (DR) or Credit (CR)

Amount

1)

2)

3)

4)

5)