Assets Liabilities Capital f f 3,125 450 ? Transactions Effect upon B 7,000 1,225 ? Assets Liabilities Equity 4,200 ? 3,125 A The business pays creditors 280 in cash D 4,900 ? 4,112.50 B E ? 1,575 4,800 The business bought fixtures for 800 paying by cheque F ? 2,912.50 9,937.50 It bought goods worth 1,100 on credit D The owner of the business introduced another 2,000 cash in the business Item Current asset Current liability capital Non-current asset Long-term liability Bank loan payable in 10yrs E Mr Bradford lends the business 800 in cash f A debtor pays the business 200 by Vehicles Inventories (stock) Retained profit cheque G The business returns goods costing 240 to a supplier whose bill the business had not paid h h The business bought another shop building paying 20,000 by cheque Insurance not yet paid Mortgage Buildings Cash Goods not yet paid for Wages owed to employees Shares Bought by external bodies Account receivable Total Accounts payable