Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How to do Calculation Pat LaFontaine Pty Ltd Balance Sheet as at 30 June 2020 $ 133,950 346,500 Current assets Accounts receivable Inventory Cash Total
How to do Calculation
Pat LaFontaine Pty Ltd Balance Sheet as at 30 June 2020 $ 133,950 346,500 Current assets Accounts receivable Inventory Cash Total current assets Non-current assets Motor vehicles Less accumulated depreciation Motor vehicles - carrying value Plant & equipment Less accumulated depreciation Plant & equipment -carrying value Intangible assets Total non-current assets TOTAL ASSETS 155,000 25,000 130,000 1,350,000 125,000 1,225,000 28,350 13400 Current liabilities Bank overdraft Accounts payable Select to display chart of a/c's Total current liabilities Non-current liabilities Bank loan Total non-current liabilities TOTAL LIABILITIES NET ASSETS 290,000 290,000 355,000 Shareholders' equity Share capital Retained earnings Total shareholders' equityStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started