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Old 03-01-2008, 11:43 AM
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Accounting homework...help please?

i need help please

T.charles starts a business. Before he actually starts to sell anything, he has bought
fixtures $2,000,
motor vehicles $5,000
stock of goods $3,500
Although he has paid in full the fixtures and motor vehicle,he still owes $1,400 for some of goods
J Preston lend him $3,000.
Charles, after the above, has $2,800 in the business bank a/c &
$100 cash in hand. Calculate his capital
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