Rex Wellworth started Wehworth Fencing Ltd with £50,000 he inherited from his uncle. On 1 June he opened a bank account for the business and paid in the capital he has invested in the business. On the same day he wrote business cheques to buy a lorry for £16,000, to pay £1,400 to insure the lorry and to pay £4,500 for 3 months’ rent on premises in advance. On 2 June he wrote three business cheques: £5,400 to pay for equipment; £850 to pay for fencing materials from Timber Supplies; and £420 to pay for advertising expenses. On 4 June the business bought a further £120 of fencing materials on credit from Timber Supplies Ltd.

Required Write up the ledger accounts for Wellworth Fencing Ltd.