Evergreen Enterprise was formed on 1 April 2020. The sole trader, Danny Lee, put $80,000 cash into the business as his initial investment. 2020 Apr 4 Received a $200,000 bank loan, which was deposited in the business bank account. " 6 Bought machinery for $16,600 by cheque. " 8 Bought office equipment on credit from Alfred Ltd for $6,000. " 10 Bought three cars on credit from Benny Motors for $110,000. " 11 Settled Alfred Ltd's account in full by cheque. " 15 Paid Benny Motors $30,000 by cheque. " 19 Bought office furniture on credit from Charles Furniture Co for $5,000. " 21 Paid Benny Motors the balance owed by cheque. " 24 Returned furniture costing $500 to Charles Furniture Co. " 28 Sold a car at its original cost of $20,000 for cash and deposited all the money in the business bank account. " 30 Danny Lee withdrew $52,000 from the bank for his personal use