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The following transactions relate to Betty's Bookkeeping Service, which is NOT registered for the GST. For each transaction, analyse which accounts would be affected, which

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The following transactions relate to Betty's Bookkeeping Service, which is NOT registered for the GST. For each transaction, analyse which accounts would be affected, which type of account they are and whether the account would increase or decrease as a result of the transaction. Use the table on page 2 to record your answers. Leave the last column blank for the time being 1 2 3 4 5 6 7 8 9 The owner, Betty Balance, got a short term loan to buy a new computer. The loan was for $1,500. Betty bought the computer, which cost $1.460. Bought office supplies for cash for $250. Paid $95 for advertising. Received cash for a bookkeeping job, $2,090. Paid the electricity account of $230. Paid wages to a casual assistant, $320. Completed a job and invoiced the client, $521. I Betty took home $620 for her own private use. Paid the telephone account of $150. Bettypaid rent on her office space for the month, $400. Betty estimates she has used $100 of the office supplies she had purchased. 10 12

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