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Questions 6 Show the effect of the following transactions and its corresponding double entry. Transactions Effect of Transactions Accounts and Double Entry Capital - New Capital By Capital increase Debit Cash Account Way Of Cash Cash increase Credit Capital Account Purchase Of Non- Current Assests Purchase Of Goods/Stocks/Inventory Revenue = 1. Cash Sales 2. Credit Sales Payment Of Expenses - Provide 5 expenses examples Payment To Suppliers Payment Of Cash Purchases Receipts From Account Receivables Or Debtors Discount Allowed Discount Received