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1) You are required to show the double entry effect of the following transaction
July 1.Started business with N500.00 cash.
Bought goods for cash N85.00
Bought goods on credit NI 19 from K.Nasru.
Sold goods for cash N42.00.
Returned goods to K.Nasiru N28.00
Bought on credit N98 from S.Dawuda.
Returned goods to S. Dawuda N19.00 Sold goods to A.
Femi N55.00 on credit.
Paid K. Nasiru's account by cash N88.00
A. Femi paid his account in cash.
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