On 31 January, David Nicholson buys further goods on credit costing 1,800 and manages to persuade a
Question:
On 31 January, David Nicholson buys further goods on credit costing £1,800 and manages to persuade a business associate, A. Goodson, to lend him
£5,000, which is placed in the business bank account. Draw up a balance sheet as at 31 January 20-6 to show the effect of these transactions.
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