G Blake Ltd.
Initial Financial Position (30 November 2022):

• Creditors: £4,500
• Equipment: £12,000
• Motor vehicle: £7,000
• Stock of goods: £6,800
• Debtors: £6,300
• Cash at bank: £8,000
• Cash in hand: £50

The capital at that date is to be deduced by you.
During the first week of December 2022:
(a) Blake bought extra equipment on credit for £1,500.
(b) Blake bought extra stock by cheque £650.
(c) Blake paid creditors by cheque £900.
(d) Debtors paid Blake £900 by cheque and £80 by cash.
(e) Blake put in an extra £300 cash as capital.
You are to draw up a balance sheet as on 7 December 2022 after the above transactions have been completed.