Whilst on holiday in Bridlington, Helen had her credit cards and purse stolen from the beach while she was swimming. She was left with only £40,\(hich she had kept in her hotel room, but she had three days of her holiday remaining. She was determined to continue her holiday and decided to make some money to enable her to do so.^he decided to sell orange jufce to holidaymakers using the local beach. On day 1 she bough^^cartons of orange juice atv^O.SO each for cash and sold'^Jbf these at/£0^leach. On thd^following day she purchasednSO cartons for cash and sold 65 at £0.80 each. On the third and final day she purchased another 60 cartons for cash. However, it rained and, as a result, business was poor. She managed to sell 20 at £0.80 each but sold off the rest of her stock at £0.40 each. -

Required:

Prepare a profit and loss account and cash flow statement for each day’s trading and prepare a balance sheet at the end of each day’s trading.