fr Copy | B ul 12.a-IE |i i Format Painter Clipboard Font Alignment A1 Beale limited runs a matket stall in East London. The accounts the following as at 31 December 2012 E assets Eliabilities Eequity 10,000 3,500 Share capital Retained earnings brought fonward 3,000 4,000 Trade receivables (to be received in January Trade receivables (to be received in February 2013) Trade payables (to be paid in January 2013) Taxation payable (to be paid in March 2013) Market stall fitures and fittings at cost Mafket stall depreciation to date C ash in bank Inventoties as at 31 December 2012 Long term bank loan 8,000 500 15,000 6,000 13,500 2,500 10,000 24,500 13,500 38,000 The maket stall is depreciated on a 20% straight-line basis and there is no scrap value. You are provided with the following forecasted information for the four months to April 2013 Sales The sale fore cast for the next four months is as follows: 10,000 12,000 14,000 20,000 . |January 28 February 0March April 31 Sales are 60% cash. The other 40% of sales are to local restaurants and Beale give 2 month credit. Wi 44 M1.1 tite 12 intro 1.3 scenario 2.1 fr Copy | B ul 12.a-IE |i i Format Painter Clipboard Font Alignment A1 Beale limited runs a matket stall in East London. The accounts the following as at 31 December 2012 E assets Eliabilities Eequity 10,000 3,500 Share capital Retained earnings brought fonward 3,000 4,000 Trade receivables (to be received in January Trade receivables (to be received in February 2013) Trade payables (to be paid in January 2013) Taxation payable (to be paid in March 2013) Market stall fitures and fittings at cost Mafket stall depreciation to date C ash in bank Inventoties as at 31 December 2012 Long term bank loan 8,000 500 15,000 6,000 13,500 2,500 10,000 24,500 13,500 38,000 The maket stall is depreciated on a 20% straight-line basis and there is no scrap value. You are provided with the following forecasted information for the four months to April 2013 Sales The sale fore cast for the next four months is as follows: 10,000 12,000 14,000 20,000 . |January 28 February 0March April 31 Sales are 60% cash. The other 40% of sales are to local restaurants and Beale give 2 month credit. Wi 44 M1.1 tite 12 intro 1.3 scenario 2.1