Question: Complete the columns to show the effects (increase, decrease or no changes) together with amount of the following transactions on asset, liabilities and capital of

Complete the columns to show the effects (increase, decrease or no changes) together with amount of the following transactions on asset, liabilities and capital of the business

(a) We pay a creditor $700 in cash (b)Bought fixtures $200 paying

(a) We pay a creditor $700 in cash (b)Bought fixtures $200 paying by cheque (c) Bought goods on credit $275 (d) The proprietor introduces $500 cash into the firm (e) Jonny lends the firm $200 in cash (f) A debtor pays us $50 by cheque (g) We return goods costing $60 to a supplier whose bill we had not paid Assets Liabilities Capital

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