Frank Woods Business Accounting, Accounting Basics

J Green''s financial position at 1 May 2008 was as follows
bank 2,910
cash 160
equipment 5,900
premises 25,000
creditors R smith 890
t thomas 610
debtors j carnegie 540
loan from j higgins 4000
a) show the opening entries needed to open a double entry set of books for Mr. green as at 1 may 2008

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