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BALANCE SHEET: LESSON 3 EXERCISE 1 (LESSON 3) The following list of accounts for Company Risks Ltd. is available at the end of 200X. Accounts

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BALANCE SHEET: LESSON 3 EXERCISE 1 (LESSON 3) The following list of accounts for Company Risks Ltd. is available at the end of 200X. Accounts payable for goods 132,000 Accounts payable for services 40.000 Accounts receivable, bill of exchange 10,000 Accumulated depreciation of constructions 30,000 Advances to suppliers 12,000 Called subscribed capital receivable 3,000 Capital grants 40.000 Capital stock 150,000 Cash 84,150 Cash equivalents 500,000 Constructions 120,000 Expenses paid in advance 5,500 Impairment of constructions 6,000 Impairment of inventories of other supplies 400 Income for the year 308,750 Interest payable to credit institutions Inventories of other supplies 1,500 Land 140,000 Provisions for other responsibilities 20.000 Salary paid in advance 3,000 Short-term debt with credit institutions 150,000 Short-term holdings in equity 6,000 VAT payable 5,000 REQUIRED: Prepare the Balance Sheet according to the normal model of the new PGC. 3,000

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