On 31 October 20x8, Mobile Centre Ltd, owned by Alex Ferguson, had the following assets and liabilities:

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Prepare a balance sheet as at 31 October 20x8. Use the blank balance sheet provided below.

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Financial Accounting A Practical Introduction

ISBN: 9780273714293

1st Edition

Authors: Ilias Basioudis

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Question Posted: May 31, 2024 03:01 AM

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On 31 October 20x8, Mobile Centre Ltd, owned by Alex Ferguson, had the following assets and liabilities:

Question:

Cash on hand $200; bank overdraft $12,000 Land and buildings $100,000 Trade debtors $19,000 Mortgage loan $44,000 Trade creditors $15,000 Bank loan (due December 20x8) $3,000 Stock of stationery $500 Motor vehicles $28,000 Office equipment $4,500 Office furniture $1,800

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Financial Accounting A Practical Introduction

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