M White Ltd.
Initial Financial Position (30 November 2018):

• Creditors: £5,300
• Equipment: £12,500
• Motor vehicle: £6,800
• Stock of goods: £6,500
• Debtors: £6,100
• Cash at bank: £7,900
• Cash in hand: £35

The capital at that date is to be deduced by you.
During the first week of December 2018:
(a) White bought extra equipment on credit for £1,350.
(b) White bought extra stock by cheque £610.
(c) White paid creditors by cheque £870.
(d) Debtors paid White £820 by cheque and £85 by cash.
(e) White put in an extra £280 cash as capital.
You are to draw up a balance sheet as on 7 December 2018 after the above transactions have been completed.