Question (3):

Complete all the columns below to show the correct Account Name(s) andEffect (Increase; Decrease) for the following transaction [Total: 10 marks]

	Transactions	Account Name # 1	Effect on Account Name # 1 (Incr; Decr)	Account Name # 2	Effect on Account Name # 2 (Incr; Decr)
1	We pay a creditor by cheque
2	Bought goods on credit from Tony
3	Sold a Car paid by cheque
4	Business repaid by cash a loan owed to Damian
5	Owner takes cash from the bank