Joey Ltd depreciates machinery at 40% per annum using the reducing balance method. As at 31 December 2009 machinery acquired for £480,000 was reported on their Statement of financial position at £264,000. On 1 July 2010 they sold for £18,000 a machine acquired for £40,000 on 1 April 2008 and acquired a replacement for £60,000 on 1 September 2010.

Required: 

Set out the ledger accounts recording these transactions in the year ended 31 December 2010.