You are given the balances of the following accounts as at 1 July 2007:

Required You are required to show the double entries for all the accounts above for the year ended 30 June 2008.

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Vehicles (at cost) Provision for depreciation of vehicles Rent and rates - accrued - prepaid 14,850 7,510 3,100 2,890 During the financial year of the business, the following transactions took place: Traded-in vehicle - original cost - accumulated depreciation -part-exchange allowance Paid balance of price of new vehicle by cheque Paid rent by cheque Paid rates by cheque Closing balances as at 30 June 2008 were: Vehicles (at cost) Provision for depreciation of vehicles Rent and rates - accrued - prepaid 5,320 3,690 1,750 9,200 6,140 4,120 To be derived 4,430 2,990 2,440