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The following are the transactions of BENIs business during her first month of trading. Record each transaction in t-accounts. (a) BENI starts a business and

The following are the transactions of BENIs business during her first month of trading. Record each transaction in t-accounts.

(a) BENI starts a business and pays in $5,000 as capital

(b) The business buys a car for $1,000 cash

(c) They buy goods for resale for $500 cash

(d) They buy more goods for resale for $600 on credit from Mr Stone

(e) They pay rent of $200 cash

(f) They sell half the goods for $800 cash

(g) They sell the remaining goods on credit for $900 to Mrs Kerl

(h) They pay $400 cash on account of the amount owing to Mr Stone

(i) They receive $500 from Mrs Kerl

(j) Kristine withdraws $100 cash from the business

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