Goldman Sachs Group Inc.
Initial Financial Position (30 November 2019):

• Creditors: $3,100,000
• Equipment: $13,000,000
• Motor vehicle: $7,500,000
• Stock of goods: $10,000,000
• Debtors: $6,200,000
• Cash at bank: $18,000,000
• Cash in hand: $80,000

The capital at that date is to be deduced by you.
During the first week of December 2019:
(a) Goldman Sachs bought extra equipment on credit for $2,200,000.
(b) Goldman Sachs bought extra stock by cheque $750,000.
(c) Goldman Sachs paid creditors by cheque $1,300,000.
(d) Debtors paid Goldman Sachs $1,100,000 by cheque and $80,000 by cash.
(e) Goldman Sachs put in an extra $400,000 cash as capital.
You are to draw up a balance sheet as on 7 December 2019 after the above transactions have been completed.