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L Green Ltd. Initial Financial Position (30 November 2019): Creditors: 4,800 Equipment: 11,700 Motor vehicle: 6,500 Stock of goods: 6,200 Debtors: 5,800 Cash at bank:

L Green Ltd.
Initial Financial Position (30 November 2019):

  • Creditors: £4,800
  • Equipment: £11,700
  • Motor vehicle: £6,500
  • Stock of goods: £6,200
  • Debtors: £5,800
  • Cash at bank: £7,600
  • Cash in hand: £45

The capital at that date is to be deduced by you.
During the first week of December 2019:
(a) Green bought extra equipment on credit for £1,250.
(b) Green bought extra stock by cheque £590.
(c) Green paid creditors by cheque £830.
(d) Debtors paid Green £790 by cheque and £75 by cash.
(e) Green put in an extra £270 cash as capital.
You are to draw up a balance sheet as on 7 December 2019 after the above transactions have been completed.

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