Transactions had been recorded and posting was up to date as at 17 May 2010. Four of the ledger balances are shown. The following amounts were received on 18 May:

Received from sales £1,500.

Received £3,000 as additional capital from the owner.

Received £2,000 from Stella as part repayment of her loan.

Received £300 from a salesman for private calls made using the office phone.

Required: 

(a) What balances remain in the four accounts after the four payments have been posted?

(b) State whether each balance is a debit or credit balance.

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Capital account Loan given to Stella Telephone account Sales account £12,000 £10,000 £18,400 £4,000