Q Johnson Ltd.
Initial Financial Position (30 November 2014):

• Creditors: £5,400
• Equipment: £12,400
• Motor vehicle: £7,100
• Stock of goods: £6,400
• Debtors: £6,200
• Cash at bank: £8,100
• Cash in hand: £35

The capital at that date is to be deduced by you.
During the first week of December 2014:
(a) Johnson bought extra equipment on credit for £1,350.
(b) Johnson bought extra stock by cheque £650.
(c) Johnson paid creditors by cheque £880.
(d) Debtors paid Johnson £830 by cheque and £90 by cash.
(e) Johnson put in an extra £310 cash as capital.
You are to draw up a balance sheet as on 7 December 2014 after the above transactions have been completed.