For each of the following transactions, show the effect (as pluses and minuses) on assets, expenses, liabilities, capital and revenue.

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Assets Expenses Liabilities Capital Revenue 1 The business pays a cheque of 100 for phone charges 2 The business pays a creditor 250 3 The owner takes out 100 in cash from the business 4 Goods are sold to a customer on credit terms for 900 5 Petrol is bought on credit for 60 Summary (overall change)