Question $1$

P Shumba started her business on $1$ January $2018.$ The following is a list of transactions entered into by the business during the month of January $2018.$

$\backslash$table$[[$No$,$Details,$\backslash$table$[[$Amount$],[($R$)]]],[1,$P Shumba deposited capital into the business.,$60000],[3,$Bought goods on credit from suppliers.,$35000],[5,$Bought business equipment on credit paying a deposit of R$30000.,130000],[7,$Sold goods for cash.,$25500],[12,$Sold goods on credit.,$25000],[15,$Received a payment from an account receivable.,$5500],[21,$Placed an advert in the daily paper on credit.,$1500],[23,$Paid suppliers on account.,$15000],[28,$P Shumba made an EFT to the local school for his son's aftercare services.,$3000]]$

You are required to:

Indicate the account to be debited and the account to be credited for each transaction. Use the template provided on the next page.

Example:

Sold goods on credit R$3000.$

$\backslash$table$[[$Date$,$Account Debited,Account Credited,Amount$],[$Eg$.,$Rent expense,Bank,R$3000]]$