Using the solution from question 3.9, prepare a balance sheet for Margaret Robertson as at 31 March 2022.

Question 3.9

From the details of Margaret Robertson as at 31 March 2022, prepare an accounting equation summary for assets, liabilities and owner’s equity, including the current and non-current classifications as appropriate. Use figure 3.9 as a guide.
Accounts payable $35 000, capital $105 000, cash at bank $25 000, inventory $40 000, land and buildings $120 000, loan from A Pendix $100 000, machinery $80 000, mortgage from credit union $45 000, office equipment $20 000.

figure 3.9

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Assets Current Assets Bank Inventory Non-current Assets Motor Vehicles Computers LA $ 12 510 16 100 28 610 33 000 11 990 44 990 73 600 11 = Liabilities Current Liaiblities Accounts Payable Non-current Liaiblities Bank Loan $ 6 600 16 000 22 600 + Owner's Equity Capital $ LA 51 000 51 000