Which of the following entries should be recorded when the owner contributes a car for use in the business? 1) DR Motor Expenses & CR Capital 2) Dr Motor Vehicles & CR Capital 3) Dr Motor Vehicles & CR Bank 4) Dr Capital & CR Motor Vehicles Patrick has commenced his stationery business with an opening capital of $150,000 on 1 November 2018. The closing capital on 31 October 2019 amounted to $105,000. During the financial year, Patrick made a loss of $25,000 for the year. What was his amount of drawings for the financial year ended 31 October 2019? 1) $20,000 2) $28,000 3) $31,000 4) $37,000