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Cash 300 Bank overdraft 3,000 Capital 42,500 Drawings 750 Land and buildings 30,000 Office equipment 1,050 Bank Loan 2,200 Inventory 7,500 Purchases 9,850 Sales

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Cash 300 Bank overdraft 3,000 Capital 42,500 Drawings 750 Land and buildings 30,000 Office equipment 1,050 Bank Loan 2,200 Inventory 7,500 Purchases 9,850 Sales 11,650 Sales returns 940

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