P Fleming started a new business on 1 December. In your ledger write up the double entry

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P Fleming started a new business on 1 December. In your ledger write up the double entry accounts needed to record the following transactions: LO3 Dec 1 Started a new business with £4,000 in cash 3 Bought motor van costing £2,500 on credit from Ringways Garage 6 Opened a bank account for tbe business and paid £3,500 of the cash into the bank account 9 Bought office furniture costing £275 paying by cheque 12 Bought some machinery at an auction paying £800 by cheque 15 Received a loan of £3,000 by cheque from J Gillow 18 Sold some of the machinery on credit to J Oldridge for £150 22 Bought more office furniture costing £75, paying in cash 28 Paid Ringways Garages £2,500 by cheque 30 Received £150 in cash from J Oldridge

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