Question: Dublin's BlarneyStone Pub opened on 1 April and the following six transactions occurred in its first week of business. Record the transactions in appropriately headed T-accounts for the BlarneyStone Pub's manager.
(a) Owner invested A4,000 in a newly opened bank account for the pub.
(b) Purchased A5,000 of ‘Old Black Creamy' stout on account.
(c) Paid cash A450 for a delivery of potato crisps and salted peanuts.
(d) Purchased a cash register for A1,000 on credit.
(e) Banked the first week's bar takings of A350.
(f) Determined that the cost of ‘Old Black Creamy' sold in the first week was A150.