Leo Vu offers tutoring services to first-year university students. He has set up a sole proprietorship business named L Tutoring. Leo has collected the following information relating to his business activities for the year ending 30 June 2021.

Office supplies	$ 3,500	Accounts receivable	$4,200
Office supplies expense	1,500	Bank loan	9,000
Telephone expense	300	Accounts payable	2,350
Motor vehicle expense	450	Cash at bank	12,500
Computer equipment	12,300	Advertising expense	800
Tutoring income	15,000	Rent expense	1,200
Capital, 1 July 2020	4,500	Drawings	600

Using the above information calculate the following:

a) Total assets as at 30 June 2021. (2marks)

b) Total liabilities as at 30 June 2021. (2marks)

c) Net assets as at 30 June 2021. (2 marks)

d) Leo Vus capital balance as at 30 June 2021. (4marks)

a)	Total Assets =
b)	Total liabilities =
c)	Net assets =
d)	Leo Vus capital balance =

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