Write up the asset and liability and capital accounts to record the following transactions in the records of G. Smith and balance off each account. (4 pts each) 2010 June 1 started business with $25,000 in the bank June 2 Bought office furniture by cheque $1,500 June 3 Bought machinery $7,500 on credit from Bravo Motors June 5 Bought motor van paying by cheque $6,000 June 8 Sold some of the office furniture- not suitable for the firm- for $600 on credit to J. Walker & Sons June 15 Paid the amount owing to Bravo Motors $7,500 by cheque June 23 Received the amount due to J. Walker & Sons $600 in cash June 30 Bought more machinery by cheque $2,800