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Answer the following questions. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not
Answer the following questions. For money amounts, round your answer to the nearest dollar. Do not include $. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format. 1. The following formation is provided for Arthur's Bakery: The balance sheet as at 30 June 2020 shows total assets and total liabilities of $150,000 and $105,000 respectively. The total assets and total liabilities became $185,000 and 103,000 respectively on the balance sheet as at 30 June 2021. a. (1 mark) Arthur's capital account balance on the balance sheet as at 30 June 2020 is $ b. (1 mark) Arthur's capital account balance on the balance sheet as at 30 June 2021 is $ (2 marks) If Arthur had contributed $25,000 and withdrawn $15,000 during the financial year. The business made a of (input a positive number) for the year ended 30 June 2021. II. The following information is provided for Sophia's Sweets: The capital account balance on the balance sheet as at 30 June 2020 is $22,500. During the financial year ended 30 June 2021, Sophia contributed assets costing $5,500 to the business. Also, Sophia withdrew $3,600 cash from the business for personal use. During the financial year ended 30 June 2021, the business made a loss of $3,200. a. (1 mark) The capital account balance on the unadjusted trial balance as at 30 June 2021 is $ b. (1 mark) The capital account balance on the adjusted trial balance as at 30 June 2021 is $ C. (1 mark) The capital account balance on the post-closing trial balance as at 30 June 2021 is $ d. (1 mark) The capital account balance on the balance sheet as at 30 June 2021 is $
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