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9 Question 16 The balance sheet below has been prepared incorrectly. Sam realises that you have gained some accounting experience and requires your help. Sam

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9 Question 16 The balance sheet below has been prepared incorrectly. Sam realises that you have gained some accounting experience and requires your help. Sam Builders, Balance sheet for the year ended 31st December 2020 Current Assets Current Liabilities Profit 35,800 inventory 115,000 Loan 32,000 Accounts Receivable 10,000 25,000 Cash at Bank 15,000 Computer Equip 30,000 112,800 Non-Current Liabilities Non-Current Assets Land and Buildings 70,000 170,000 plant and Machinery 28,000 Current tax payable 16,200 Equity Capital 75.000 119.200 Drawings 12,000 Accounts Payable 21,000 83.000 Total Assets 232.000 Total Lab & Equity 128.000 Complete the correction for the balance sheet and give Sam the ons for each of the categories Sam Builders Mate Car Total Assets 32,000 Total Lab & Equity 128.000 Complete the correction for the balance sheet and give Sam the totals for each of the categories Sam Builders Balance sheet 31st December 2020 Current Assets Current Liabilities Non-Current Assets Non-current Liabilities Equity . Previous No new data to Last checked Macbook

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