1. On 1 June, Daniel Walker started a new business. During June he carried out the following transactions:

1 June: Deposited $26,000 in a newly-opened business bank account.

2 June: Bought furniture for $6,500 cash and inventories $7,000 on credit.

3 June: Borrowed $5,000 from a bank and deposited it in the bank.

4 June: Bought a truck for $11,500 cash and withdrew $450 in cash for his personal use.

5 June: Bought additional furniture costing $12,000. The truck bought on 4 June was given in part exchange at a value of $7,500. The balance of the purchase price for the new furniture was paid in cash.

6 June: Walker received $4,500 from an investor and paid the amount into the business bank account. He also repaid $2,500 of the borrowings.

Required:

Prepare a detailed cash ledger for the business at the end of June.