You are required to open the asset and liability and capital accounts and record the following transactions for June 19X8 in the records of C Williams.

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19X8 June Started business with 2,000 in cash. 37 35 " 2 5 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. 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.