Tim Sanderson has the following balance sheet as at 30 November 20-8: LO6 Balance Sheet as at 30 November 20-8 Assets

£

Liabilities

£

Motor vehicle 8,000 Capital 13,750 Stock of goods 700 Creditors 1,250 Debtors 1,550 Cash in hand 450 Cash at bank 4,300 15,000 15,000 During the month of December 20-8 the following transactions took place:

December 2 December 6 December 12 December 18 December 30 He bought some machinery costing £1,850, paying by cheque He bought further goods on credit costing £960 A debtor paid him £280 by cheque He paid a creditor £360 in cash He bought some office furniture costing £450, paying by cheque You are required to draw up Tim Sanderson’s balance sheet as at 31 December 20-8 after the above transactions have been completed.