P Harris Ltd.
Initial Financial Position (30 November 2015):

• Creditors: £4,700
• Equipment: £11,600
• Motor vehicle: £6,300
• Stock of goods: £6,000
• Debtors: £5,900
• Cash at bank: £7,700
• Cash in hand: £45

The capital at that date is to be deduced by you.
During the first week of December 2015:
(a) Harris bought extra equipment on credit for £1,250.
(b) Harris bought extra stock by cheque £590.
(c) Harris paid creditors by cheque £810.
(d) Debtors paid Harris £770 by cheque and £75 by cash.
(e) Harris put in an extra £270 cash as capital.
You are to draw up a balance sheet as on 7 December 2015 after the above transactions have been completed.