Fergus’s business incurs the following transactions in the year to 31 December 2012: Fergus introduces additional capital of £10 000 in cash. Purchase on credit of goods for resale for £8000. Payment...

Fergus introduces additional capital of £10 000 in cash.

Purchase on credit of goods for resale for £8000.

Payment received from customer for £1800.

Purchase of a new machine for use in the business on 1 January 2012. The machine costs £12 000 and will be depreciated over 10 years on the straight-line basis, assuming no residual value.

Sales returns of £1000 in exchange for a cash refund.

Drawings of £1300.

For each transaction show the impact on cash, other assets and liabilities, and the impact on profits.