Account to be debited

Account to be credited

May 1

Capital invested

Bank a/c

Capital a/c

May 2

Asset bought on credit

Equipment a/c

KE Suppliers a/c

May 3

Asset bought on credit

Furniture a/c

RF Ltd a/c

May 10

Float from bank

Cash a/c

Bank a/c

May 11

Paid creditor

Fittings a/c

Interior Des. a/c

May 15

Asset bought paid cheque

Vehicles a/c

Bank a/c

May 16

Paid creditor

KE Suppliers a/c

Bank a/c

May 19

Paid creditor

RF Ltd a/c

Bank a/c