Question 1 (37 marks) After being retrenched, Samson decided to set up a small service business at home. For each of the following transactions, determine if double entries are required. If required, write the account and amount to be debited and credited. If not required, just indicate as No entries required. (a) Samson invested $20,000 into his new service business Samsonite Services, and a bank account in this name was opened. He also contributed his own computer worth $1,040 to the business. (b) To furnish his new office, an office desk and a few office chairs were bought from PH Ltd using a business cheque of $960 (c) He also used his own cash to buy a bed from PH Ltd that costs $990 for his mother. (d) Billed client Delia $3,150 for service rendered. (e) One of the office chairs bought from PH Ltd was defective and the business promptly returned it. A cash refund of $200 was received. (f) After much persuasion, Samson's father agreed to lend $5,000 to the business and issued a cheque for it. (g) Bought a printer costing $680 from PH Ltd. Cash of $68 was paid as a deposit, with the remainder to be paid by the end of the month. (h) Received cash of $520 for service rendered to a client. (i) Issued a cheque to pay office rent of $1,470. (j) Samson took $38 cash from the office to buy a bouquet of flowers for his wife. (k) Received a cheque for amount owing from Delia. (1) Paid the amount owing to PH Ltd in cheque. (m) Samson won the first prize in a lucky draw and received $38,888 in prize money. (n) Samson took $8,000 from his prize money to buy a diamond ring for his wife. (0) With a personal cheque of $5,100, Samson paid back the $5,000 loan from his father together with an interest of $100. (p) Banked in all cash