2.3 Write up the asset and liability and capital accounts and prepare a balance sheet to record the following transactions in the records of F Murray. 20X7

July 1 Started business with 15,000 in the bank.

July 2 Bought office furniture by cheque 1,200.

July 3 Bought machinery 1,400 on credit from Trees Ltd.

July 5 Bought a van paying by cheque 6,010.

July 8 Sold some of the office furniture not suitable for the business for 150 on credit to D Twig & Sons.

July 15 Paid the amount owing to Trees Ltd 1,400 by cheque.

July 23 Received the amount due from D Twig & Sons 150 in cash.

July 31 Bought more machinery by cheque 650