WORKED EXAMPLE
Sven Drax owns and runs a hotel. He supplies the following information:
1. Sven buys a freezer for the business, paying 415 by cheque
2. He buys 127 worth of fruit and vegetables for the hotel restaurant in cash (Purchases)
3. Sven buys petrol for 45 for the hotel minibus; he pays in cash (Motor expenses)
4. He pays 1,500 for a family holiday, paying with a business cheque (Drawings)
5. He pays 2,178 cash sales into the bank account
REQUIRED: Enter the transactions into the bank account
Dr	Freezer account		Cr		Dr	Bank account		Cr