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H Jumps has the following assets and liabilities as on 3 0 November 2 0 0 2 :Creditors Sh . 3 9 , 5 0

H Jumps has the following assets and liabilities as on 30 November 2002:Creditors Sh.39,500; Equipment Sh.115,000; Motor vehicle Sh.62,900; Stock Sh.61,500; Debtors Sh.57,700;Cash at bank Sh.72,800 and Cash in hand Sh.400.Compute the balance on the capital account as at 30 November 2002.During the first week of December 2002, Jump:a.Bought extra equipment on credit for Sh.13,800.b.Bought extra stock by cheque Sh.5,700.c.Paid creditors by cheque Sh.7,900.d.Received from debtors Sh.8,400 by cheque and Sh.600 by cash.e.Put in an extra Sh.2,500 cash as capital. You are to draw up a balance sheet as on 7 December 2002 after the above transactions have been completed.

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