Question 4 Jamie Tsz had the following balances on his motor vehicle accounts at 1 January 2017.- Motor vehicles at cost 10,000 Accumulated depreciation 4,000 During the year to 31 December 2017, the following transactions occurred: - 1 February Bought a motor vehicle for 9,000 on credit from MV Motors 30 June Sold a motor vehicle for 2,000, which had originally cost 4,000 in January 2015 Vehicles are depreciated at 20% on a straight line basis. Jamie charges a full year's depreciation in the year of purchase and none in the year of sale. Required: Prepare the ledger accounts below to reflect the above transactions. You should close off the accounts at 31 December and clearly show any amounts to be carried down or recorded in the profit and loss account. Vehicles - Cost Vehicles - Ace Depreciation Depreciation Charge Trade Ceditors Disposal Account Bank