1. Complete the columns to show the effects of the following transactions:

1	Bought van on time $8,700.	Assets	Liabilities	Capital
2	Repaid by cash a loan owed to Duff $10,000.
3	Bought goods for $1400 paying by cheque.
4	The owner puts a further $4000 cash into the business
5	A debtor returns to us goods worth $150. We agrees to make an allowance for them
6	Bought goods on time $760.
7	The owner takes out $200 cash for his personal use.
8	We pay a creditors $1,150 by cheque.