On 21 August 2022, the business of P Dumont had the balances of assets, liabilities and owner’s equity as shown in figure 3.6.

You are required to process the following transactions in the format of the accounting equation.
a 22 August: P Dumont obtained a loan of $10 000 for seven years from the Natural Australia Bank.
b 25 August: P Dumont paid $1500 owing to D Paul, the account payable.
c 26 August: P Dumont purchased inventory on credit from D Paul $3080.
d 26 August: P Dumont purchased other inventory for $1210, paying by debit card.

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Assets Bank Inventory Premises $ 3 000 2200 45 000 50 200 = Liabilities Accounts Payable $ 1 500 1 500 + Owner's Equity $ Capital 48 700 48 700