Complete the columns to show the effects of the following transactions; (a) Bought a van on credit

Complete the columns to show the effects of the following transactions;

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(a) Bought a van on credit £8,700. (b) Repaid by cash a loan owed to F Duff £10,000. (c) Bought goods for £1,400 paying by cheque. (d) The owner puts a further £4,000 cash into the business. (e) A debtor returns to us £150 goods. We agree to make an allowance for them. (f) Bought goods on credit £760. (g) The owner takes out £200 cash for his personal use (h) We pay a creditor £1,150 by cheque. Effect upon Assets Liabilities Capital