Question
550,000 Motor vehicle 750,000 Equipment Commission prepaid 8,000 Opening inventory 60,000 Trade payable 40,000 Rent owing 23,000 Utilities owing 5,000 Cash 180,000 Bank/(credit balance)
550,000 Motor vehicle 750,000 Equipment Commission prepaid 8,000 Opening inventory 60,000 Trade payable 40,000 Rent owing 23,000 Utilities owing 5,000 Cash 180,000 Bank/(credit balance) 70,000 Trade receivables 80,000 3% Mortgage 400,000 10% loan 150,000 How much is the capital balance as at March 31, 2022?
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
9th canadian edition
1259269477, 978-1259269479, 978-1259024900
