You are required to open the asset and liability and capital accounts and record the following transactions for June 20X8 in the records of C Williams.

20X8 June 1 Started business with £2,000 in cash.

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

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

,, 8 Bought a motor van paying by cheque £950.

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

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

,, 25 Sold some of the works machinery for £75 cash.

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

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

,, 30 J Smith lent us £500 – giving us the money by cheque.