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he statement of financial position of Dornier & Co at the start of the month is as follows: LOADING... (Click here to view assets table.)

he statement of financial position of Dornier & Co at the start of the month is as follows:

LOADING...

(Click here to view assets table.)

LOADING...

(Click here to view claims table.)

During the month the following transactions take place:

(a)

Received cash from trade receivables totalling

14,000

(b)

3,500

of the bank loan was repaid.

(c)

Inventories sold for

14,000

cash; these inventories had cost

8,750

(d)

Sold inventories for

17,000

on credit; these inventories had cost

10,200

(e)

The owners of the business withdrew

5,000

for their personal use.

(f)

The owners brought a computer, valued at

2,500,

into the business.

(g)

Fixtures and fittings were purchased costing

11,000.

Half of the amount due was paid during the month and the remainder is due to be paid next month.

(h)

Paid trade payables

9,000.

(i)

Bought inventories on credit for

20,000.

Required:

Show the statement of financial position at the end of the month after all of the above transactions have been taken into account.

(Fill in the relevant cells with their corresponding figures.)

Question content area bottom

Part 1

The statement of financial position of Dornier & Co at the end of the month is as follows:

Assets

Premises

Motor vehicles

Fixtures and fittings

Computer

Inventories

Trade receivables

Bank

Part 2

Claims

Equity (or capital)

Bank loan

Trade payables

Other payables

image text in transcribed

cial v ass Ollow com t nk lo for C for e bu ught ngs v - to h cial p Data table Claims Equity Bank loan Trade payables (MAT 2022) 269,000 25,000 11,000 305,000 Print Done Data table Assets Inventories Motor vehicles Premises Trade receivables Bank Thin minaliam. Duke ----- 29,000 24,000 220,000 26.000 6,000 305.000 Print Done I X

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