On 31 January, David Nicholson bought further goods on credit, costing 1,800 and managed to persuade a
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On 31 January, David Nicholson bought further goods on credit, costing £1,800 and managed to persuade a business associate, A Goodson, to lend him £5,000; this was placed in the business bank account. Draw up his balance sheet as at 31 January 20-6 to show the effect of these transactions.
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