You are required to record the transactions in the appropriate accounts,balance off the accounts,extract a trial balance, prepare an income statement,and a balance sheet from the trial balance.

June 1 Started business with 12,000 in cash. == 2 Paid 11,700 of the opening cash into a bank account for the business. == 5 Bought office furniture on credit from Dream Ltd for 1,900. == 8 Bought a van paying by cheque 5,250. == 12 Bought equipment from Pearce & Sons on credit 2,300. == 18 Returned faulty office furniture costing 120 to Dream Ltd. == 25 Sold some of the equipment for 200 cash. == 26 Paid amounts owing to Dream Ltd 1,780 by cheque. == 28 Took 130 out of the bank and added to cash. == 30 F Brown lent us 4,000 giving us the money by cheque.