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Question 5 Show the effect the books of Question 4 For each of the underlisted transactions, state the accounts to be debited or credited (15
Question 5 Show the effect the books of Question 4 For each of the underlisted transactions, state the accounts to be debited or credited (15 marks) June 2025 Ale to be credited Capital Samsung Limited Cash Bank Toyota Ghana Limited Transaction Ale to be debited Benson started business with cash at bank Bank, Cash and GH 100,000. cash on hand GH900 and a Shop shop valued at GH20,000. B Purchased equipment on credit from Equipment Samsung Limited for GH45,000 c Bought inventory for cash GHc500 Inventory D Paid half of the amount due to Samsung Samsung Limited Limited by cheque. E Purchased a motor vehicle for GH30.000 Motor vehicle on credit from Toyota Ghana Limited. F Bought additional inventory for GH1,750 Inventory from Shoprite on credit. G Returned half of the inventory purchased Shoprite from Shoprite. H Benson withdrew cash of GH_200 for Drawings personal use I I Withdrew cash from bank for office use Cash GH4650 J Paid fully amount owed to Toyota Ghana Toyota Ghana Limited by cheque Limited Shoprite Inventory Cash Bank Bank
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