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Accounting Recording Transactions 2-160 15. Nixon completed the following transactions : 2007 Jan. Sold a personal investment in IBM Stock for Tk. 40,000 and deposited Tk. 35XX) of the proceeds in a bank account opened in the name of his new business. Nixon TV Service 2 Purchased for cash three repair supplies, Tk. 2,000, Tools, Tk. 1,000 and the use truck. Th. 5.000 or TV repair shop that was going out of business. Paid rent on the shop space for three months in advanco, Tk. 1,500. 4 Purchased additional tools for cash, Tk. 1,000. S Purealised additional repair supplies on credit, Tk. 1.200 Gave the old company truck and Tk. 6,000 in cash for a new company truck. 7 Complete repair work for Waquer Co. and collected Tk. 10,000 cash therefor. 8 Paid for repair supplies purchased in transaction (5) 9 Completed repair work for R.A. Khan on credit Tk. 1,000. 10 Paid for gas and oil used in the truck, Tk. 500. 11 R. A. Khan paid in full for the work of transaction (9). 12 Nixon withdrew Tk. 2000 cash from the business for his personal use. Required: (1) Arrange the following assets, liability and owner's equity titles in an accounting equation cash, accounts receivable, prepaid rent, supplies, tools, truck, accounts payable and Nixon, Capital (2) Prepare also journal entries for the above transactions