You are to show the journal entries necessary to record the following items:

• 2003 May 1 Bought a motor vehicle on credit from Motors Ltd for 6,790.
• 2003 May 3 A debt of 34 owing from N Smart was written off as a bad debt.
• 2003 May 8 Furniture bought by us for 490 was returned to the supplier Wood
• Offices, as it was unsuitable. Full allowance will be given us.
• 2003 May 12 we are owed 150 by W Hayes. He is declared bankrupt and we received
• 39 in full settlement of the debt.
• 2003 May 14 we take 45 goods out of the business stock without paying for them.
• 2003 May 28 Some time ago we paid an insurance bill thinking that it was all in respect
• of the business. We now discover that 76 of the amount paid was in fact insurance of our private house.
• 2003 May 28 Bought Machinery 980 on credit from Xerox Machines Ltd.