Question: Shannon, a sole trader operating a small landscaping business, asks you to prepare his balance sheet (showing his equity) for the year ended 30 June

Shannon, a sole trader operating a small landscaping business, asks you to prepare his balance sheet (showing his equity) for the year ended 30 June 2017; contributed capital $26440; profit $5600; drawings $3600; cash $36000; fixtures and fittings $10800; accounts receivable $9000; accounts payable $13500; bank loan $13860.

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