For each of the following transactions, show the effect (as pluses and minuses) on assets, liabilities and equity. The first has been completed for illustration.
| Assets | Liabilities | Equity | ||
| £ | £ | £ | ||
| 1 | The owner starts the business with £3,000 paid into a business bank account on 1 April | +3,000
(bank) |
+3,000
(equity) |
|
| 2 | The business buys machinery with a bank payment of £800 on 2 April |
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| 3 | The business buys an office computer for £800 from Dart Tech on 4 April and agrees to pay in May |
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| 4 | On 5 April, a bank lends the business £10,000 which is paid into the bank account on the same day |
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| 5 | The business pays Dart Tech £800 by bank transfer on 1 May |
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| 6 | The owner takes £100 from the bank for personal spending money |
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| Summary (overall change) |