Prepare a series of sequential balance sheets from the following data:

(i) M. Brown commences business with cash of £10,000 which he deposits in a business bank account and uses his car, valued at

£2,000, solely for business purposes.

(ii) He purchases for cash some business premises at a cost of £6,000.

(iii) Purchases on credit some stock for £1,500.

(iv) Sells stock which cost £700 on credit for £900.

(v) Pays office wages £100.

(vi) Pays some of his creditors £400.

(vii) Withdraws £200 for his own personal use.