1. On 1 September, Michael Brown started a new business. During September he carried out the following transactions:

1 September: Deposited €28,000 in a newly-opened business bank account.

2 September: Bought office furniture for €6,500 cash and inventories €8,500 on credit.

3 September: Borrowed €4,500 from a relative and deposited it in the bank.

4 September: Bought a motorcycle for €10,000 cash and withdrew €300 in cash for his personal use.

5 September: Bought additional office furniture costing €12,000. The motorcycle bought on 4 September 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 September: Brown won €2,500 in a lottery and paid the amount into the business bank account. He also repaid €1,500 of the borrowings.

Required:

Prepare a detailed ledger for the business for the month of September.