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Which account in corbys books of account should be debited

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Reference no: EM13511976

Corby is in business as a retail distributor. The following is a list of his transactions for March 2012:

1 Goods purchased from Smith on credit.
2 Corby introduces further capital in cash into the business.
3 Goods sold for cash.
4 Goods purchased for cash.
5 Cash transferred to the bank.
6 Machinery purchased, paid for in cash.

Required:

State which account in Corby's books of account should be debited and which account should be credited for each transaction.

Reference no: EM13511976

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