You are required to open the asset and liability and capital accounts and record the following transactions for June 19X4 in the records of C Williams.

19X4 June 55 55 55 55 55 55 55 1

2 5

8 12 18 25 26 28 30 Started business with £2,000 in cash.

Paid £1,800 of the opening cash into a bank account for the business.

Bought office furniture on credit from Betta-Built Ltd for £120.

Bought a motor van paying by cheque £950.

Bought works machinery from Evans & Sons on credit £560.

Returned faulty office furniture costing £62 to Betta-Built Ltd.

Sold some of the works machinery for £75 cash.

Paid amount owing to Betta-Built Ltd £58 by cheque.

Took £100 out of the bank and put it in the cash till.

J Smith lent us £500 - giving us the money by cheque.

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