To explain how the first three transactions will be recorded in the books of accounts,starting the accounts to be credited and those to be debited.

Appendix A: Financial Transactions of Amy and Amily Tutorial Partnership Amy and Amily Tutorial Partnership started business on 1st May 2020 to provide premium support classes to international students in the UK using online tools. The following are some of the transactions that occurred during the month of May 2020. Transaction Date (May 2020) 13 1ste 2nd 3rd 6th The partners, Amy and Amily, contributed capital to the tune of 50,000 which was deposited in a bank account they had opened with NatWest Bank, Aberdeen branche Amy and Amily Tutorial Partnership signed an agreement with Zoom Limited to use their technology to engage with their clients online. They paid 17,500 in deposit e They rented an office space and paid 1,000 by cheque. They purchased computer equipment totalling 8,000, paying half by cheque. They were allowed the remaining half on credit. They accepted a bank loan of 12,000, which was credited to their account on the same day. Their revenue consisted of course fees paid by students. An amount of 30,000 was received through international transfers into their bank account. They paid wages to their support tutors, amounting to 14,000.- Stationery and other general expenses paid amounted to 5,800 They invested in short-term securities and paid by cheque, 60,000.- Amy and Amily withdrew 4,000 each from the bank account for their personal th(Ctrl) 10th 10th 17tha 25the 30th use