QUESTION FOUR - T-ACCOUNTS - 26 MARKS Process the following transactions by: Recording the transactions directly in the T accounts. Placing the letter of the transaction next to the entry. Assign account numbers. Compute the balance in each of the T accounts and state whether it is a DR or a CR balance Chart of Accounts: Account Title Account Title Account Number Account Number Cash Accounts Receivable Food Supplies Laptop Accounts Payable Big Fish, Capital Big Fish, Withdrawals Fishing Camp Revenue Salary Expense Tent Vehicles Transactions: A-Big Fish began a fishing camp by investing $30,000 cash, a MAC laptop with a $4,000 fair value and a side by side vehicle with a fair value of $25,000. Total investment is $59,000. B - Purchased a Labrador tent including a stove from Piwas Ltd. on credit, $7,000. C- Completed a 2 day fishing camp for high school students and received $4,000 cash in full payment. D- Paid Piwas Ltd. $2,000 of the amount owed. E- Completed a 10-day fishing camp for US tourists from New York on credit for $10,000. F-Big Fish withdrew $5,000 cash from the business for personal use. G- Received $7,500 from the clients for the camp provided in Transaction E. H- Paid assistant salary, $700. 1 - Purchased $3,500 of Food Supplies on account from Atlantic Wholesale Corporation