Hi-tecpoint V/Grip Question 1 (10 marks) ACE Acumen Academy Complete the gaps in the following table: Capital Question 40 Complete Assets Liabilities S (a) 12,500 1,800 2- (b) 28.000 4,900 12,500 (c) 16,800 (d) 19,600 16,450 (e) ?= 715 6,300 19,200 Question 2 (10 marks) Which of the items in the following list are liabilities and which of them are assets? (a) Bank Balance (debit) (b) Bank Balance (credit) 86060 (c) (d) (c) Warehouse we own We owe a vendor for goods Furniture and Equipment Question 3 (10 marks) B. Wise is planning to start up a new business in North York. Before he started trading, he bought a van for $4,500, a market stall for $2,000 and inventory for $1,500. He did not pay in full for his inventory and still owes $1,000 in respect of thens. He borrowed $5,000 from C Fox. After the events just described, and before trading starts, he still has $1,100 cash at Royal Bank of Canada You are required to fill in the following blanks (a) Assets (b) Liabilities (c) Capital OAG Group 81 Test 011