Write up the accounts to record the following transactions:

19X3 March 1 99 99 99 99 99 99 99 3

5 8

15 17 24 31 Started with £1,000 cash.

Received a loan of £5,000 from M Chow by cheque, a bank account being opened and the cheque paid into it.

Bought machinery for cash £60.

Bought display equipment on credit from Better-View Machines £550.

Took £300 out of the bank and put it into the cash till.

Repaid part of Chow’s loan by cheque £800.

Paid amount owing to Better-View Machines £550 by cheque.

Repaid part of Chow’s loan by cash £100.

Bought additional machinery, this time on credit from D Smith for £500. LOP8