Answered>Order 246

Draw T-account for transactions given below:

Transactions 1: Businessman started his business with $5000 paid into a business bank on 1 Aug 2015.

Transaction 2: The businessman purchase furniture with amount of $600 on credit from TKR4 ltd on 2 Aug 2015.

Transaction 3: The businessman purchases a PC computer with a cheque for $600 on 3 Aug 2015.

Transaction 4: The businessman pays TKR4 ltd $200 by cheque on 4 Aug 2015.

Transaction 5: The businessman borrows $4,000 on loan from a bank on 5 Aug 2015. The money is paid into the business bank account.