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At the end of September 2015, the balance of company XYZ was $6,000 with Capital $10,000 The cost of our stock was $1,700 with a
At the end of September 2015, the balance of company XYZ was $6,000 with Capital $10,000 The cost of our stock was $1,700 with a net realisable value of $2000. Also, our customer, Tong Inc owed us $1,600 due to credit sale transaction during the month. 2020, October 1 Bought fixtures on credit from Chan $3,106 We take goods costing $700 out of the business transactions without paying for them. 10 $420 of the goods taken by us on 4th August is returned back into inventory by us. We do not take any money for the return of the goods. Tong is unable to pay his debt. We agree to take some office equipment from 12 him at that value, then cancel the debt. 17 Paid in $2,000 in cash for the current rent month's. Cash purchase from Xin Jui amounting $600 24 30 Sold all our stocks to Tinting for $2600 on credit, 2/10, n=30. a) Prepare the financial statement for company XYZ At the end of September 2015, the balance of company XYZ was $6,000 with Capital $10,000 The cost of our stock was $1,700 with a net realisable value of $2000. Also, our customer, Tong Inc owed us $1,600 due to credit sale transaction during the month. 2020, October 1 Bought fixtures on credit from Chan $3,106 We take goods costing $700 out of the business transactions without paying for them. 10 $420 of the goods taken by us on 4th August is returned back into inventory by us. We do not take any money for the return of the goods. Tong is unable to pay his debt. We agree to take some office equipment from 12 him at that value, then cancel the debt. 17 Paid in $2,000 in cash for the current rent month's. Cash purchase from Xin Jui amounting $600 24 30 Sold all our stocks to Tinting for $2600 on credit, 2/10, n=30. a) Prepare the financial statement for company XYZ
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