A trainee accountant produced the following summarised statement of financial position for Trading at the end of its most recent financial year. After this financial statement was prepared, it was discovered that the following transactions, which took place on the last day of the financial year, had not been taken into account: 1. A cash sale of occurred. The cost of the inventories was . 2. A long-term loan for was repaid. 3. The owner withdrew in cash. In addition, it was discovered that inventories, which were included in the statement of financial position as their cost of , had a net realisable value of . Required: Produce a revised statement of financial position for the business using the proforma statement provided below.

data table: ASSETS Non-current assets 450,000 Current assets 210,000 Total assets 660,000 EQUITY AND LIABILITIES Equity 170,000 Non-current liabilities 350,000 Current liabilities 140,000 Total equity and liabilities 660,000 Fill in the relevant cells with its corresponding figures.)

Question content area ASSETS Non-current assets Current assets Total assets EQUITY AND LIABILITIES Equity Non-current liabilities Current liabilities Total equity and liabilities

(Click here to view the financial data.) After this financial statement was prepared, it was discovered that the following transactions, which took place on the last day of the financial year, had not been taken into account: 1. A cash sale of 11,000 occurred. The cost of the inventories was 8,000. 2. A long-term loan for 25,000 was repaid. 3. The owner withdrew 7,000 in cash. In addition, it was discovered that inventories, which were included in the statement of financial position as their cost of 20,000, had a net realisable value of 10,000. Required: Produce a revised statement of financial position for the business using the proforma statement provided below. (Fill in the relevant cells with its corresponding figures.) Data table (Click here to view the financial data.) After this financial statement was prepared, it was discovered that the following transactions, which took place on the last day of the financial year, had not been taken into account: 1. A cash sale of 11,000 occurred. The cost of the inventories was 8,000. 2. A long-term loan for 25,000 was repaid. 3. The owner withdrew 7,000 in cash. In addition, it was discovered that inventories, which were included in the statement of financial position as their cost of 20,000, had a net realisable value of 10,000. Required: Produce a revised statement of financial position for the business using the proforma statement provided below. (Fill in the relevant cells with its corresponding figures.) Data table