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A friend who owns a small entity trading as Jobs Galore knows that you are studying accounting, and has asked if you would prepare
A friend who owns a small entity trading as Jobs Galore knows that you are studying accounting, and has asked if you would prepare the entity's classified statement of financial position as at 30 June. The friend has provided you with the following list of assets and liabilities (the equity figure has not been provided) to perform this task Cash Moto vehicles Office equipment 4,000 24,000 16,000 Monies owed by customers 3,500 Monies owed to suppliers 6,000 Loan due to be paid in three years 18,000 Wages due but not paid 1,200 Rent paid in advance 700 Commission received in advance 300
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