Paid in cash £5,000 as capital in bank. You would debit the ____ and credit the ____ Spent £140 cash on the purchases of books from W Smith. You would debit the ____ and credit the ____ Purchased on credit from J Fox books at a cost of £275. You would debit the ____ and credit the ____ Put an Advertisement in the local paper at a cost of £20, paid cash. You would debit the ____ and credit the ____ Purchased cleaning materials for £10. You would debit the ____ and credit the ____ Sold goods for cash, £75. You would debit the ____ and credit the ____ Paid Rent for the month, £400. You would debit the ____ and credit the ____ Sold goods on credit for £90. You would debit the ____ and credit the ____

Double-entry bookkeeping.

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