The following table shows the cumulative effects of a succession of separate transactions on the assets and liabilities of a business.

Transaction: A B C D E F G H I Assets £000 £000 £000 £000 £000 £000 £000 £000 £000 £000 Land and buildings 500 500 535 535 535 535 535 535 535 535 Equipment 230 230 230 230 230 230 230 200 200 200 Stocks 113 140 140 120 120 120 120 120 119 119 Trade debtors 143 143 143 173 160 158 158 158 158 158 Prepaid expenses 27 27 27 27 27 27 27 27 27 27 Cash at bank 37 37 37 37 50 50 42 63 63 63 Cash on hand 9 9 9 9 9 9 9 9 9 3 1,059 1,086 1,121 1,131 1,131 1,129 1,121 1,112 1,111 1,105 Required:
Identify clearly and as fully as you can what transaction has taken place in each case. Give two possible explanations for transaction 1. Do not copy out the table but use the reference letter for each transaction.