1. HC1010assignment

Week 8 - Question 3 (10 marks) (Note this question is Q3 in the Pre-recorded Tutorial Questions) King Sports owned by Tim Lane, sells sports equipment to schools and sporting clubs in Victoria. The following balances were reported in the Balance Sheet as at 30 June 2019. Account Name Balance ($) Cash at bank 39 400 Accounts receivable 2 800 Accounts payable 1 200 Capital - Tim Lane 41 000 (Note this question continues over the page) 3