William Young has the following transactions to record for the month of May:

1 May Paid $10,000 capital into his business

2 May Bought a motor car for $2,000 cash

3 May Bought goods to the value of $4,000, and paid for them immediately

4 May Sold goods for $3,000 cash

5 May Paid rent of $500 cash (representing half of the monthly rent)

6 May Bought goods costing $2,000 on credit from Higgins

7 May Bought a computer costing $2,500 from Snow, paying a deposit of 20% cash

8 May Sold goods for $1,600 on credit to Mrs. Grey

9 May Paid motor running expenses of $50 cash

10 May Paid $1,000 to Higgins in cash

11 May Bought 100 shares in Eliza Co. for $600 cash

12 May Mrs Grey paid in full the amount owing in cash

13 May Bought stationery for $150 on credit from Mrs Pearce

14 May Paid the balance owing to Higgins in cash

15 May Sold goods to Klent for $1,700 on credit

16 May Sold goods to Frog for $750 on credit

17 May Received a dividend from Eliza Co. of $25 cash

18 May Received an invoice for the remainder of this months rent

19 May Bought a van for $5,000, taking out a two-year term loan to do so

20 May Bought trade goods from Corvax to the value of $6,000 on credit

21 May Sold goods to Mrs Grey for $3,200 on credit

22 May Paid insurance of $200 cash

23 May Drew cash for personal expenses of $300

24 May Paid bank charges of $60

25 May Paid Mrs Pearce in full in cash

26 May Received full payment from Klent in cash

27 May Paid employee's salary of $400 in cash

28 May Sold goods for $5,000 cash

29 May Paid Corvax in full for trade goods in cash

30 May Received $400 from Frog in cash

31 May Received $1,600 from Mrs Grey in cash

Required

A. Show how these transactions would be recorded in books of account.

You are required to write out the double entry and then post the transactions into the relevant T accounts.