Complete the columns to show the effects of the following transactions;

(a) Bought a van on credit £8,700.

(b) Repaid by cash a loan owed to F Duff £10,000.

(c) Bought goods for £1,400 paying by cheque.

(d) The owner puts a further £4,000 cash into the business.

(e) A debtor returns to us £150 goods. We agree to make an allowance for them.

(f) Bought goods on credit £760.
(g) The owner takes out £200 cash for his personal use (h) We pay a creditor £1,150 by cheque.

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Effect upon Assets Liabilities | Capital |