1) A new business is established using $25,000.00 of owners equity. Complete the balance sheet: Balance sheet AssetsDr LiabilitiesCr Bank 25,000 Owners equity capital 25,000 Totals 25,000 25,000 - THIS QUESTION COMPLETED

2 The business makes a purchase of goods for $5,000.00 and some other goods for $7,500.00. The second purchase was from a supplier with which the business has an account. These goods were on account and are a credit purchase and the first purchase of goods has been paid for by cheque. Complete the balance sheet to reflect these transactions. Balance sheet AssetsDr LiabilitiesCr Bank 20,000 Creditors 7,500 Stock 12,500 Owners equity capital 25,000 Totals 32,500 32,500 - THIS QUESTION COMPLETED

3 The business pays its trade creditors from the bank. Complete the balance sheet: NEED HELP WITH THIS PART ONLY HAVE COMPLETED ABOVE QUESTIONS AND HAVE PROVIDED THEM FOR HELP WITH THIS ANSWER.

Balance sheet AssetsDr LiabilitiesCr