Upon recording and posting the transactions until 9 March 2010, the balances in the ledger include those stated. The following transactions took place on 10 March:

Paid £8,000 for shop fittings.

Paid £3,000 as part settlement of amount owed to Ibrahim.

Paid £2,000 as rent on shop premises for the month of March.

Paid £18,000 to buy a Toyota Sedan vehicle for use of office staff.

Required: 

What would be the balances remaining in the four accounts named above, identifying whether it would be a debit or a credit balance, after the four payments have been posted to these accounts?

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Motor vehicles account Loan from Ibrahim account Furniture & fittings account Rent account £12,000 £10,000 £18,400 £4,000