Given below are the accounting records of assets, liabilities and owner's equity of a retailer as at 1 August 2001: (a) Purchased a new computer for $5,500 in cash. (c) Paid credito of $1,250 from debtors. (d) Bought a new $1,500 in cash. (e) The owner in van for $20,000, of which $8,000 was paid in cash and the balance by a bank loan, (f) The owner to (g) Repaid bank loan old computer valued at $1,500 for personal use. (h) An old comput loan $3,000. You are required to Balance Sheet as at 31 Aug the above transactions by completing the table given above and prepare a - _ 31 August 2001. 2.5 The Expanded Accounting Equation So far