Jill O'Connor started a new business on 1 August. In your ledger write up the double entry accounts needed to record the following transactions:

Aug 1 Started a new business with £5,000 in cash 3 Bought goods costing £875 on credit from T Mann 5 Opened a bank account for the business, and paid £4,500 of the cash into the bank account 7 Goods costing £75 are returned by the firm to T Mann 8 Bought office furniture costing £295, paying by cheque 9 Sold goods priced at £580 on credit to James Seymore 10 Bought goods costing £420, paying by cheque 12 Bought motor van costing £4,500 on credit from Greens Garages 13 James Seymore returned goods costing £40 to the firm 14 Sold goods costing £165 on credit to T Williams 15 Bought goods costing £300 on credit from T Mann 18 Sold goods priced at £124 for cash 19 T Williams returned goods costing £36 to the firm 20 The firm received a loan of £3,000 by cheque from J Kelly 22 Goods costing £30 are returned by the firm to T Mann 25 The firm paid first instalment of £200 to Greens Garages by cheque 28 Sold goods priced at £175 on credit to James Seymore 29 The firm paid T Mann £1,070 by cheque 30 Bought goods costing £320, paying in cash 31 A customer, T Williams, paid the firm £129 in cash