Sandra began a sole trade business on 1 January 20X1. During the first month of trading, the following transactions took place:

1. She started the business with $5,000 of cash.
2. She took out a loan from the bank of $10,000.
3. She purchased a van for $12,000 cash.
4. She purchased 100 units of inventoryon creditat a total cost of $2,500 (i.e. $25 per unit)
5. She sold 10 units of inventory to a customeron creditfor a total of $400 (i.e. $40 per unit)
6. She paid interest on the loan of $60.
7. She repaid $250 of the loan.
8. She took $10 from the business bank account to cover a personal expense.

Required: Record each transaction in Double Entry Bookkeeping System: