Question
J. Hill has the following assets and liabilities on November 30, 2016: Accounts payable $2,800; Equipment $6,200; Car $7,300; Inventory $8,100; Accounts Receivables $4,050; Cash
J. Hill has the following assets and liabilities on November 30, 2016: Accounts payable $2,800; Equipment $6,200; Car $7,300; Inventory $8,100; Accounts Receivables $4,050; Cash at bank $9,100; Cash in hand $195.You are not given the capital amount at that date.
During the first week of December 2016
a.Hill bought extra equipment on credit for $110
b.Hill bought extra inventory by cheque $380
c.Hill paid creditors by cheque $1,150
d.Debtors paid Hill $640 by cheque and $90 bycash
e.Hill put an extra $1,500 into the business, $1,300 by cheque and $200 in cash
I am to do a balance sheet and i don't know how to
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