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Madeleine went on a vacation on Bridgetown in London, and unfortunately, while on the beach, her credit cards and her purse was stolen while she
Madeleine went on a vacation on Bridgetown in London, and unfortunately, while on the beach, her credit cards and her purse was stolen while she was swimming, she was left with only $40, which she had kept in her hotel room, but she had 3 days of her holiday remaining. She was determined to continue her holiday and decided to make some money to enable her to do so. She decided to sell orange juice to holiday makers using the local beach. On day 1 , she bought 80 carton s of orange juice @ \$0.50 each for cash and sold70@0.80 each.On day 2, he bought 60 cartons @\$50 each and sold 65@ $0.80 each. On the 3ro day / Final day She bought another 60 cartons @ \$0.50 each for cash. However, it rained and as a result, business was poor. She managed to sell 20@$0.80 each but sold off the rest of her inventories@\$0.40 each. Required: Prepare an income statement, Statement of Cash flows for each day's trading and prepare a statement of financial position at the end of each day's trading
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