I have an accounting problem to be solved

D Moody has the following assets and liabilities as on 31 April 2002:

£

Creditors 15,800

Equipment 46,000

Motor Vehicle 25,160

Stock 24,600

Debtors 23,080

Cash at bank 29,120

Cash in hand 160

During the first week of May 2002 Moody:

a. Bought extra equipment on credit for £5,520.

b. Bought extra stock by cheque £2,280.

c. Paid creditors by cheque £3,160.

d. Debtors paid £3,360 by cheque and £240 by cash.

e. Moody put in extra £1,000 cash as capital.

Required:

a. Determine the capital as at 1^st May 2002.

b. Draw up a balance sheet after the above transactions have been completed.