ACTUALLY NEED THE SOLUTIONS OF THIS AND NOT BEING ABLE TO UNDERSTAND.

AutoSave OFF 1102AFE assessable homework 2 T2 2019 - Saved to my Mac Q Search in Document Home Insert Draw Design Layout References Mailings Review View EndNote X9 Share Comments Times New... v 18 A" A" Aa AD AaBbCcDdEe AaBbCcDdEe AaBbCcD AaBbCcDdE AaBb AaBbCcDdEE Paste B I Uvab X 2 ADVAv Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Pane Question 2 (12 marks) Hannah and Shane are sole traders who run their own separate businesses providing accounting and bookkeeping services. On 30 June, 2019 their individual balance sheets show the following accounts. Hannah Shane Cash at bank $60 000 $20 000 Accounts Receivable 20 000 Inventory 40 000 10 000 Equipment 50 000 20 000 Motor Vehicle 70 000 Mortgage payable 40 000 Accounts payable 2 000 Starting on 1st July, 2019, Hannah and Shane have agreed to form a partnership trading as H& S Financial Services. They agree that the values shown above will be used for partnership purposes. In addition, Hannah and Shane will invest an additional $10 000 and $62 000 in cash respectively. A. Prepare a balance sheet for H & S Financial Services as at 1 July 2019. Assets Liabilities Total Liabilities Partner's Equity Page 2 of 2 307 words [ English (Australia) Focus E + 137%