ALUVY 204%20(1).pdf + @ OD Page view Toyong Highlight A Read aloud Draw Balance Sheet as at 31 December 20X1 Erase 50 $ Fixed assets Plant and machinery 4.000 Capital 7,600 Current assets Current liabilities Stock-in-trade 1.900 Trade creditors Trade debtors 2,200 Cash in hand 700 4.800 8,800 8,800 On 1 January 20x2 Elm sold, on credit for 480, goods that cost 600 some weeks ago. Calculations of: 1.200 (a) Elm's net assets at 31 December 20X1: (b) The profit or loss arising on the 1 January sale; (c) Elm's capital investment on 1 January 20x2 after the above transaction, and (d) Elm's balance sheet at 1 January 20x2. presented in vertical format 24C Mostly cloudy 10 ENG 00:53 03-08-20