ACC202 Assignment 1 Eida Accessories has the following assets and liabilities as on 30 November 2022 Account Payable $2,800, Equipment $6.200; Car $7.300; Inventory $8,100: Account Receivable $4,050, Cash at bank 39,100; Cash in hand $195. You are not given the capital amount at that date. During the first week of December 2022: (a) Eida bought extra equipment on credit for $110. (b) Eida bought extra inventory by cheque $380. (e) Eida paid Account Payable by cheque $1.150. (d) Account Receivable paid Eida 5640 by cheque and 500 by cash. (e) Eida put in an extra $1,500 into the business, $1,300 by cheque and $200 in cast 2. Post the transactions in the first week of December into relevant accounts and derive the account balances. DR CR Account Payable $1,650 Equipment $6,310 Inventory $8,480 Account Receivable $4,780 Cash at bank Cash in hand Capital $9,250 $395 Total $37,845 $30,665 $37,845 You are required to: 1. Calculate the capital amount at 30 November 2022. To Calculate the Capital amount at 30 November 2022, we need to use the accounting equation: Assets Liabilities + capital So, Capital Assets-liabilities Capital $2,800+ $6,200+$7,300 +$8,100+$4,050 +$9,100 +$195 Capital $37,845 3. Draw up the trial balance on 7 December 2022 after the above transactions have been completed.