The following information relates to Joe Simple, who started a new business on 1 January 2004:

1 1.1.04 Joe started the business with £5000 in cash.

2 3.1.04 He paid £3000 of the cash into a business bank account.

3 5.1.04 Joe bought a van for £2000 paying by cheque.

4 7.1.04 He bought some goods, paying £1000 in cash.

5 9.1.04 Joe sold some of the goods, receiving £1500 in cash.

Required:

Enter the above transactions in Joe’s ledger accounts.