Lynn Dreise is the bookkeeper for Sanculi SpA. Lynn has been trying to get the statement of
Question:
Lynn Dreise is the bookkeeper for Sanculi SpA. Lynn has been trying to get the statement of financial position of Sanculi to balance correctly. Sanculi’s statement of fi nancial position is shown as follows.
Instructions
Prepare a correct statement of financial position.
Transcribed Image Text:
Sanculi SpA Statement of Financial Position December 31, 2020 Liabilities Share capital-ordinary Retained earnings Accounts payable Accounts receivable Total equity and liabilities Assets Equipment Supplies Cash Dividends Total assets €48,000 €50,000 8,000 17,500 16,000 (8,500) 14,000 5,000 €75,000 €75,000
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Related Book For
Financial Accounting with International Financial Reporting Standards
ISBN: 978-1119504306
4th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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