The following information relates to A. Traders business: Assets and liabilities at Fixtures Account receivable Inventory Accounts

The following information relates to A. Trader’s business:

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Assets and liabilities at Fixtures Account receivable Inventory Accounts payable Cash Balance at bank Loan from B. Burton Motor vehicle 1 January 2012 18,000 4,800 24,000 8,000 760 15,600 6,000 31 December 2012 16,200 5,800 28,000 11,000 240 4,600 2,000 16,000 During the year, Trader had sold private investments for 4,000 which he paid into the business bank account, and he had drawn out 200 weekly for private use.