Q1: From below, prepare Statement of financial position (Show the capital). Shop (34,000), Account payable (5,000) Inventory (6,000), Account receivable (600), Cash at bank (25,400), loan (3000), cars (12,000).

Q1: From below, prepare Statement of financial position (Show the capital). Shop (34,000), Account payable (5,000) Inventory (6,000), Account receivable (600), Cash at bank (25,400), loan (3000), cars (12,000).

Name: Q1: From below, prepare Statement of financial position (Show the capi
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Description: Q1: From below, prepare Statement of financial position (Show the capital). Shop (34,000), Account payable (5,000) Inventory (6,000), Account receivable (600), Cash at bank (25,400), loan (3000), cars (12,000).

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...

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