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AP1-11B introduced Lydia Cravette and her fl orist shop, Scents Unlimited Ltd. At the end of May, the following items were in her records: Inventory
AP1-11B introduced Lydia Cravette and her fl orist shop, Scents Unlimited Ltd. At the end of May, the following items were in her records: Inventory $ 1,100 Wages owed to employees 950 Loan owed to the bank 8,000 Cash held in a chequing account 8,361 Cost of refrigerator used to store the fl owers 18,695 Prepaid rent for June 1,500 Common shares 18,000 Retained earnings 2,706 prepare a statement of financial position
AP1-11B introduced Lydia Cravette and her fl orist shop, Scents Unlimited Ltd. At the end of May, the
following items were in her records:
Inventory
$ 1,100
Wages owed to employees
950
Loan owed to the bank
8,000
Cash held in a chequing account
8,361
Cost of refrigerator used to store the fl owers
18,695
Prepaid rent for June
1,500
Common shares
18,000
Retained earnings
2,706
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