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Complete the columns to show the effects (increase, decrease or no changes) together with Complete the columns to show the effects (increase, decrease or no

image text in transcribed Complete the columns to show the effects (increase, decrease or no changes) together with

Complete the columns to show the effects (increase, decrease or no changes) together with amounts of the following transactions on the assets, liabilities and capital of a business: Assets (a)We pay a creditor S700 in cash (b)Bought fixtures $200 paying by cheque (c)Bought goods on credit S275 (d)The proprietor introduces S500 cash into the firm (e)Jonny lends the firm $200 in cash (f) A debtor pays us $50 by cheque (g)We return goods costing $60 to a supplier whose bill we had not paid Liabilities Capital

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