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A list of accounts of a business at the start of a week is as follows: $ Trade debtors 33,000 Inventory 28,000 Furniture and fittings

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A list of accounts of a business at the start of a week is as follows: $ Trade debtors 33,000 Inventory 28,000 Furniture and fittings 63,000 Freehold premises 145,000 Trade creditors 23,000 Bank overdraft 43,000 Owner's equity 203,000 During the week the following transactions take place: Sold inventory for $11,000 cash. The inventory has cost $8,000. Sold inventory for $23,000 on credit. This inventory had cost $ 17,000. Received cash from trade debtors totalling $18,000. The owners of the business introduced $100,000 of their own money which was placed in a business bank account Bought a motor vehicle, for $40,000. Paid $10,000 cash. Balance a loan from ABC Finance. Paid wages $1500 cash Bought inventory on credit for $14,000. Paid weekly Rent $350 Paid trade creditors for $13,000. Paid Gas account $150 . Prepare: A workbook and post these opening balances and transactions Assets Liabilities Equity Profit Loss

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