2.12 Dan’s statement of financial position at 1 May 2012 was as follows:

£ £

ASSETS Non-current assets 30 000 Current assets Inventory 15 000 Trade receivables 5 000 Bank account 18 000 38 000 68 000 CAPITAL AND LIABILITIES Capital 52 000 Current liabilities Trade payables 16 000 68 000 On 2 May Dan paid £1500 for an office computer to help him keep the business accounts.

On 3 May Dan paid a supplier £3000.

Explain how his statement of financial position was affected and show the new statement of financial position at 3 May 2012 after taking account of both transactions.