Please look at the attachment I sent. In the attachment you can see 2 question. I have a few more questions as I can't fit it into one whole word document. Can you answer the first and second question please. The 3rd question is: lots of fun pty ltd paid the fortnightly salary of $2500 of M Davies (executive director). Salaries - Debit or credit? Bank A/c - Debit or credit? The 4th question is : Lots of fun pty ltd received a sum of $500 from south bank institute of technology as a donation. Bank A/c - Debit or credit? Donations - Debit or credit? The 5th question is : lots of fun pty ltd received and banked $1500 of fundraising sales. Bank A/c - debit or credit? fundraising - debit or credit ? The 6th question is : lots of fun pty ltd purchased a new motor vehicle costing $20,000 with a bank loan. Motor vehicle ? debit or credit? Bank loan ? debit or credit? The 7th question is : lots of fun pty ltd paid outstanding creditors of $1500. Creditors ? debit or credit? Bank A/c ? debit or credit? The 8th question is : Lots of fun pty ltd wrote a $50 cheque for postage. Postage ? debit or credit ? Bank A/c ? debit or credit? The 9th question is : lots of fun pty ltd sold $500 of equipment on credit. Debtors ? debit or credit? Equipment sales ? debit or credit?The 10th question is : lots of fun pty ltd paid the auditors with $1000 with a cheque. Auditor fees ? debit or credit? Bank A/c ? debit or credit?

ple-Entry Bookkeeping simple (2).docx out References Mailings Review View Help Design Layout Tell me what you want to do 11 A A Ad - AaBbCc[ AaBbCc AaBl AaBbc Aa X2 X? A - azz - A E 1 Normal No Spac.. 1 Heading 1 1 Heading 2 Font Paragraph Styles So as you know, in double entry accounting, every transaction affects 2 accounts. For example, if a business purchases a van for $50,000, the cash account will go down by a value of E50,000 (credit), whereas the asset account will go up by a value of 850,000 (debit). This task is just testing that area of knowledge, please tick what side each transaction affects and whether its a debit or credit. Lots of Fun Pty Ltd purchased $500 of clothing for resale purposes from Sports Clothing .Pty Ltd on credit. Account Dr Cr Clothing Creditors Lots of Fun Pty Ltd received a bill for $200 from Telstra Account Dr Cr Telephone Expenses Creditors O en W