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Josephine D'eau operates a water park called Slip and Slide Ltd. Her busiest months are April through September, although, if the weather holds, she extends
Josephine D'eau operates a water park called Slip and Slide Ltd. Her busiest months are April through September, although, if the weather holds, she extends park access into October. For the month of July, she recorded the following items: At the end of July, the following items were in her records: Cash in bank accounts $15,700 Chemical supplies on hand 11,600 Loan owed to an investor 20,700 Retained earnings Spare parts Common shares 19,000 14,600 40,800 Amounts prepaid by customers to access the park in August Cost of kayaks and pedal boats 32,700 71,300 Prepare a statement of financial position for Slip and Slide Ltd. at the end of July Slip and Slide Ltd. Statement of Financial Position As at July 31, 2xxx Assets Liabilities and Shareholders' Equity $ $ EA LA
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