Analyze business transactions on statement of financial

position

1. 1 March, the business managed to sell all of the inventories for £5,000 and
received a bank transfer immediately from the customer for this amount.
2. 2 March, Purchasing £1,000 of inventories on credit.
3. 3 March, Owner withdrawing £2,000 in cash.
4. 4 March, Paying a supplier for £1,000 of inventories bought on credit a few
weeks earlier.
5. 5 March Deposited £50,000 in a newly opened business bank account.
6. 6 March Bought fixtures and fittings for £6,000 cash and inventories £8,000
on credit.
7. 7 March Borrowed £5,000 from a relative and deposited it in the bank.
8. 8 March Bought a motor car for £7,000 cash and withdrew £200 in cash for
his own use.
9. 9 March Paid £2,000 the amount owed to the creditor.