You are required to open the asset and liability and capital accounts and record the following transactions for June 2013 in the records of P. Bernard. 

2013 June 

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1 Started business with 17,500 in cash. 2 Paid 9,400 of the opening cash into a bank account for the business. Bought office furniture on credit from Dream Ltd for 2,100. Bought a van paying by cheque 5,250. 5 8 12 Bought equipment from Pearce & Sons on credit 2,300. 18 Returned faulty office furniture costing 260 to Dream Ltd. 25 Sold some of the equipment for 200 cash. 26 Paid amount owing to Dream Ltd 1,840 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.