You open a business and soon list the following transactions:

$1.$ Open a bank account and deposits $$50,000$

$2.$ Purchase a company vehicle for $$30,000,$ paying $$20,000$ in cash plus

$$10,000$ financed through a loan

$3.$ Buy goods on credit for $$10,000$

$4.$ Pay one of your creditors $($say$,$ the car loan$)$ the sum of $$5,000$

$5.$ Deposit $$20,000$ in revenues after your first month of operation

$6.$ Cost of goods sold during the month amounts to $$10,000$

$7.$ Pay bills for power and rent by cash, which amount to $$5,000$

$8.$ Withdraw from the business the sum of $$10,000$ for personal use

$9.$ Pay one of your creditors $$5,000$

$$ Question:

$$ What are the ledger account double entries for each transaction and their

impact on assets, liabilities and equity?