Transactions Dami contributes $5,000 cash to start a small business as a mobile tutor. Dami buys a car for the business via a bank loan for $15,000. Dami purchases a stock of stationery supplies on credit for $200 from a supplier. Dami obtains permission from the bank to overdraw the bank account up to a limit of $160,000. Dami purchases a mobile phone and laptop for the business worth $1,000 in cash. Dami provides tutoring to students for a total of $350 cash. Dami pays $100 cash for this month's advertising in local school newsletters. Assets Liabilities Equity Income Expenses 5000 5000