K. Chippendale started a new business on 1 May. In your ledger write up the double entry
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K. Chippendale started a new business on 1 May. In your ledger write up the double entry accounts needed to record the following transactions:
May 1 Started a new business with £2,000 in cash 3 Bought a motor van costing £950 on .credit from Crossways Garage 12 Bought office furniture costing £500, paying in cash 24 Received a loan of £500 in cash from L. Gibson 30 Paid Crossways Garage £950 in cash
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