Vale has been in business for some years. The following balances were brought forward in his books of account as at 1 January 2008:

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Dr Cr Bank 5000 Capital 20000 Cash 1000 Dodd 2000 Fish 6000 Furniture 10000 22000 22000 During the year to 31 December 2008 the following transactions took place: 1 Goods bought from Dodd on credit for 30 000. 2 Cash sales of 20 000. 3 Cash purchases of 15 000. 4 Goods sold to Fish on credit for 50 000. 5 Cheques sent to Dodd totalling 29 000. 6 Cheques received from Fish totalling 45 000. 7 Cash received from Fish amounting to 7000. 8 Office expenses paid in cash totalling 9000. 9 Purchase of delivery van costing 12 000 paid by cheque. 10 Cash transfers to bank totalling 3000.