Which ledger entries would be made to retord the purchases of an item of machinery n credit? A. debit machinery, credit cach B. debir machinery, credit creditars C. debit purchases, credit crediors D. debit cedtors, tredi machinecy 4. What transaction is reptesented by the entriek: debit back, credic Moses? A. sale of goods to Mones for cash B. purthases of gocds from Moses for cish C. Aeceipt of cheque trom Moues D. prymeat of chish to Mores 5. Cesmos starts a business and introduces capital ch Csi1s, 000. He also ebtains a loan of 666,000 to purchase Fored assets. The amouet of bas openint niet assets is: 6. A business had net asseth of 665,000 at 1 3ituscr 2004. The net profit after groprietol's A. C517,000 drawings for the year ended 31 December 2006 was c25, 500 . Deawings were made at the rate of 61500 per month in eath. The peoprietor also withdrew for his own use goods costing 4630 and with a selling price of c1300. No new capital was introduced durins the year. What were the net assets at 31 December 2008 ? A. c71,990 B. 672,800+C,c91.5000.6128,860=. 7. A business purchased an equipment at an imvice price of 416,600 , encluding 6400 carriage from the supplier's premises and c600 instaliation costs. After two month in operation the equlpment broke down and cost 6900 to repari, in the balance sheet at the year end, the asset's cost would appear as