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Styles Question 4a - For each of the following transactions show the T account that will be debited (DR) and the one credited (CR) (10

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Styles Question 4a - For each of the following transactions show the T account that will be debited (DR) and the one credited (CR) (10 marks) Transaction Debit (Dr) Credit (Cr) Example the company buys equipment Equipment 10,000 Cash 10,000 for 10,000 using cash The owner starts the business and puts 30000 into the bank The company sells goods worth 5000 to ALN Ltd and receives a cheque The company buys materials from Loop Ltd for 8000 on credit The owners withdraw cash for their own use (1000) The company received a bank transfer of 5000 from ALN for goods previously sold on credit

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