2.22 Diana’s statement of financial position at 28 August 2012 is as follows:

£ £

ASSETS Non-current assets 13 500 Current assets Inventory 10 300 Trade receivables 1 200 Bank account 1 000 Petty cash 600 13 100 26 600 CAPITAL AND LIABILITIES Capital 20 200 Current liabilities Trade payables 6 400 26 600 1 Diana has saved up some money for her holiday, but decides to put it into the business instead. She pays a cheque for £2000 into the business bank account on 29 August.

2 On 30 August the business receives a cheque for £600 from one of its customers.

Explain how her statement of financial position will be affected and show the newstatement of financial position at 30 August 2012 after taking account of both transactions.