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a. At 1st July 2020, Kayla's Travel had assets and liabilities worth $180,000 and $120,000 respectively. At 30th June 2021, the assets and liabilities of
a. At 1st July 2020, Kayla's Travel had assets and liabilities worth $180,000 and $120,000 respectively. At 30th June 2021, the assets and liabilities of Kayla's Travel were $240,000 and $140,000 respectively. i. (1 mark) Kayla's capital balance on 1st July 2020 is $ ii. (1 mark) Kayla's capital balance on 30th June 2021 is $ iii. (2 marks) If Kayla did not make any capital contributions or withdraw any money from the business, she made a ended 30 June 2021. of $ (input a positive number) for the year
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