Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Nov 2017 My Price 8.00

owners of the business

The balance sheet of a business at the start of the week is as follows:

(a) Inventories sold for £11,000 cash; these inventories had cost £8,000.

(b) Sold inventories for £23,000 on credit; these inventories had cost £17,000.

(c) Received cash from trade receivables totalling £18,000.

(d) The owners of the business introduced £100,000 of their own money, which was placed in the business bank account.

(e) The owners brought a motor van, valued at £10,000, into the business.

(f) Bought inventories on credit for £14,000. (g) Paid trade payables £13,000.

Required: Show the balance sheet after all of these transactions have been reflected.

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Nov 2017 06:11 PM My Price 8.00

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