Show the bookkeeping entries

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Reference no: EM131201534

Practice questions:

On 1 March 1998 Jack Castle starts a business, Castle Tours, with £5,000 capital and a £5,000 loan from the bank.

He keeps £300 of the loan as cash pays the balance of the loan and the capital into the business's bank account.

Show the bookkeeping entries.

Reference no: EM131201534

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