Write up the accounts to record the following transactions:

May 1 Started business with \(£ 1,500\) cash and \(£ 18,000\) in the bank.

2 Received a loan of \(£ 4,000\) from T. Fox by cheque.

3 Bought a computer for cash \(£ 1,200\).

5 Bought display stands on time from Drop Ltd \(£ 840\).

8 Took \(£ 400\) out of the bank and put it in the cash till.

15 Repaid part of Fox's loan using the business debit card \(£ 1,000\).

17 Paid amount owing to Drop Ltd \(£ 840\) by internet transfer from the bank account.

24 Repaid part of Fox's loan by cash \(£ 500\).

31 Bought a colour laser printer on time from P. Blake for \(£ 400\).