6.5 Jan Jan Enter the following transactions in the necessary accounts in double entry. 2007 Jan 1 Started business with $20,000 in the bank. 2 U. Surer lent us $10,000, giving us the money by cheque. 3 Bought goods on credit, $2,960 from T. Parkin. Jan 5 Bought motor van by cheque $7,500. Jan 6 Cash sales $1,050. Jan 7 Paid motor expenses in cash $150. Jan 8 Paid wages in cash $780. Jan 10 Bought goods on credit from C. Moore $850. Jan 12 Paid insurance by cheque $220. Jan 25 Received commission in cash $1,500. Jan 31 Paid electricity bill by cheque $370