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15.6A The following information relates to A. Trader's business: Assets and liabilities at Fixtures Accounts receivable Inventory Accounts payable Cash Balance at bank Loan
15.6A The following information relates to A. Trader's business: Assets and liabilities at Fixtures Accounts receivable Inventory Accounts payable Cash Balance at bank Loan from B. Burton Motor vehicle 1 January 2019 31 December 2019 18,000 16,200 4,800 5,800 24,000 28,000 8,000 11,000 760 240 15,600 4,600 6,000 2,000 16,000 During the year, Trader had sold some of his personal investments for 4,000 which he paid into the business bank account, and he had drawn out 200 weekly for private use.
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