2.4 The following balance sheet was prepared for Jeff’s business at 1 October 20X0. The firm has an overdraft facility of £700.

Jeff Balance Sheet as at 1 October, 20X0 £ £
Fixed assets:
Machinery 2,200 Capital 5,300 Current assets: Current liabilities Stocks 2,870 Trade creditors 690 Trade debtors 800 Cash at bank 120 5,990 5,990 Jeff enters into the following transactions:
2 October Sells goods that cost £120 for £200 cash. Sells goods that cost £240 for £315 on credit.
3 October Collects £150 from customers. Purchases stock for £190 on credit.
4 October Pays trade creditors £75. Purchases a machine for £600 cash.
Balance sheets for Jeff’s business following the transactions on:

(a) 2 October;

(b) 3 October;

(c) 4 October.