Show the accounting effects of the following transactions by reference to the balance sheet and the profit and loss account. Example: cash sale £200 would add £200 to revenue on the profit and loss account and £200 to the asset cash on the balance sheet.

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Transaction Cash sales 400 Cash purchases 75 Received from trade debtor 35 Equipment purchased on credit terms 345 Invoice received for repairs to machinery 67 Wages paid 78 Payment of rent due last month 90 Equipment sold as scrap 20 (book value 10) Loan received 600 Bank interest charged 49 Accounting effects Balance sheet P&La/c