Question 1. Initial chart of accounts Account name CJ oliver Truck Cash insurance policy Clearning supplies Expenses-Cost of goods Vacuum cleaner Computer and printer Fixed assets Cleaning services Bank Advance received Currentliability Labor Water and electric bill Expenses Loan Advertising Withdrawal type Capital Fixed assets Current assots Expenses Fixed assets Revenue Curre nt assets Expenses-Cost of goods Non current liability Expenses . Analysis of transactions Date Accourt title and explanation Deli Credit 01-Apr Cash 20000.00 D,OD0 OD capital (cash bought into business 02 Apr Truck 5,000.00 5,000.00 CT oiver (auck tansferred by oliver) 02-Ap Prepad Rert .00 Bank 1600 00 (prepaid rernt paid through cheque) 03- Apr prepaid insuance 1200.00 Bank prepaid insurance paid) 04-Ap raw materias purchase 220.00 220.00 accounts payable (raw materials purchased) 05-Ap Vaccum clearncr 2000.00 2,000.00 accounts payab vaccurn cle a purchased) Bank (computer and printer purchased) 07-Apr Commter and printer 1500 00 1500.00 09-Apr Accounts receivable 3200 00