Amy produced the following trial balance for her letting agency on 30 September 20X4. You are required
Question:
Amy produced the following trial balance for her letting agency on 30 September 20X4.
You are required to produce a statement of financial position for Amy as at 30 September 20X4.
Transcribed Image Text:
Freehold shop Capital (01.10.X3) Equipment 68,000 36,000 22,000 Drawings 26,800 Money due from clients 3,700 Motor vehicles (Audi A3) 18,000 Stationery inventory 1,400 Cash at bank 6,500 Bank loan (repayable 20X9) 70,000 Bank loan (repayable 20X4) Accounts payable Capital introduced Profit for the year Income tax owing 4,600 1,100 5,600 27,800 1,300 146,400 146,400
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