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King Sports owned by Tim Lane, sells sports equipment to schools and sporting clubs in Victoria.The following balances were reported in the Balance Sheet as

King Sports owned by Tim Lane, sells sports equipment to schools and sporting clubs in Victoria.The following balances were reported in the Balance Sheet as at 30 June 2019.

Cash at bank 39 400
Accounts receivable2 800
Accounts payable1 200
Capital - Tim Lane41 000

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