1. On 1 September, David Wilson started a new business. During September he carried out the following transactions:
   • 1 September: Deposited £20,000 in a newly-opened business bank account.
   • 2 September: Bought tools for £3,500 cash and inventories £9,500 on credit.
   • 3 September: Borrowed £2,500 from a friend and deposited it in the bank.
   • 4 September: Bought a van for £10,000 cash and withdrew £300 in cash for his own use.
   • 5 September: Bought a further van costing £15,000. The van bought on 4 September was given in part exchange at a value of £7,000. The balance of the purchase price for the new van was paid in cash.
   • 6 September: Wilson won £4,000 in a lottery and paid the amount into the business bank account. He also repaid £1,500 of the borrowings.

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