To Cas Limited for playing cards £400

To Mary for ‘disappearing lady’ apparatus £2,000
George’s drawings £11890

Cash balance at 31 December 2007 £560
Bank balance at 31 December 2007 £120
invoices received from Kay Ltd up to
31 December 2007
£1,700
Stock of unsold novelties at cost price at 31 December 2007 £80
Amount owing from customers for novelties £350
Other fixed assets still owned at 31 December 2007
Costume at cost 3,000
Magic books and equipment at cost £2,000
Owner’s capital (costume, magic books and equipment and
£20 initial travel expenses from owner’s savings)
£5,020.
Depreciation £ 500 for costume,books and equipment
Depreciation for apparatus £400
Owe wages to Mary of £100 and paid early bus tickets of £50.