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Hope to have a complete answer, THANKS Pepare a Balance Sheet for Wonderful Building with the information given below. (18 marks) End of August 2020:
Hope to have a complete answer, THANKS
Pepare a Balance Sheet for Wonderful Building with the information given below. (18 marks) End of August 2020: a. Non-current Assets: Vehicles ($3,100,000), Furniture and Fixtures ( $440,000), Office Equipment ($111,000) b. Current Assets: Management Fee Receivable ( $1,100,000), Other Receivables ($520,000), Prepayments ($4,300,000), Bank Deposits ($300,000), Cash at Bank ($300,000), Cash in Hand ($97,000) c. Current Liabilities: Accounts Payable and Accrued Charges ($800,000), Receipt in Advance ($5,000,000) d. Non-current Liabilities: Management Fee Deposits ($1,100,000) e. Representing: General Fund (from IE account): $43,323,000 End of August 2021: - Vehicles, Furniture and Fixtures each decrease 2% - Office Equipment and Management Fee Receivable remain unchanged - Other Receivables and Prepayments each increase 1\% - Bank Deposits, Cash at Bank and Cash in Hand each increase 2% - Accounts Payable and Accrued Charges, Receipt in Advance and Management Fee Deposits remain unchanged - General Fund (from IE account) remain unchangedStep by Step Solution
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