A small meat processing plant starts its business, the owner (butcher) purchased machines of 300,000 in value and equipment of 50,000. He rented the facilities and purchased a delivery van of 60,000 in value. He received funds to start the business in the amount of 40,000 and a bank loan in the amount of 100,000. The rest of the assets were financed from his own money, leaving only 10,000 in the bank account. He hired two people – a driver and a butcher, then he started his business. 

1) he purchased raw materials of 10,000 (VAT invoice, RM), 

2) he paid for raw materials (BS),

 3) he sold finished and non-finished goods – 70,000 (VAT invoice), 

4) he issued goods 50.000 (GO),

 5) he received payment into bank account (BS), 

6) he calculated payroll– 8,000, 

7) he transferred payroll to employee bank accounts,

 8) he took 2,000 from cash-on-hand, 

9) he purchased the petrol for the van – 500 (cash payment), 

10) he purchased packaging – 300 (cash payment),

 11) he purchased raw materials– 30,000 (BS), 

12) he sold the goods to shops – 60,000, 

13) he issued goods 40.000 (TO). 

Draw up the opening balance sheet, record the operations, close the accounts, establish the result of the activity and draw up the closing balance sweet.