1. On 1 November, James White started a new business. During November he carried out the following transactions:
   • 1 November: Deposited €24,000 in a newly-opened business bank account.
   • 2 November: Bought machinery for €7,500 cash and inventories €11,000 on credit.
   • 3 November: Borrowed €4,000 from a family member and deposited it in the bank.
   • 4 November: Bought a company car for €9,500 cash and withdrew €600 in cash for his own use.
   • 5 November: Bought a further company car costing €16,000. The car bought on 4 November was given in part exchange at a value of €8,500. The balance of the purchase price for the new car was paid in cash.
   • 6 November: White won €2,000 in a lottery and paid the amount into the business bank account. He also repaid €1,200 of the borrowings.

Required: Draw up a statement of financial position for the business at the end of each day.