Please type your answers for all the questions

2.3 What are the two elements of every transaction? 2.4 If a customer pays you the amount she owes in cash, what is the item exchanged? If you use cash to pay a supplier of goods the amount you owe him for goods you purchased two months ago, what is the item exchanged? 2.5 2.6 If you obtain a loan of 5,000 from a bank, what is the item exchanged? What is the form of settlement in each of questions 2.4, 2.5 and 2.6? 2.7 2.8 What are the principles of double entry bookkeeping? 2.9 What is the debit entry and the credit entry in each of questions 2.4, 2.5 and 2.6