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

Assets

Effect upon

Liabilities.

Capital

(a) We settle account payable $70 in cash.

(b) Bought fixtures $200 paying by cheque. (c) Our account receivables paid us by cash $100.

(d) The owner introduces another $500 cash into

e) the firm. J Walker lends the firm $1,200 in cash.