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Moore Tools Company started business on Octaber 1 , 2 0 2 3 . Its fiscal wear funs through to September 3 0 of the
Moore Tools Company started business on Octaber Its fiscal wear funs through to September of the following year. The fallowing transactions occurred in the fiscal year that started on October ard ended on September
Or October Margaret Moore inwested $ Co to start the husiness: Moore is the only owner. She was issued commonshares.
On October Moore Tools borrowed $ from a wenture capitalist a lender who specializes in startup companies and signed a note payable.
On October the company rented a building. The rental agreement was a twokear contract requiring quarterly rental paymentskevery three months of $ payable in advance. The first payment was made on October ccvering the period from October to December Thereatter. pawments were due on December March June and September foreach threemonth period that followed. All of the rental payments were made as specified in the agreement.
Ori October the company purchased equipment costing $ for cash.
Initial inventory waspurchased for $ cash.
Additional purchases of inwentory dufing the vear totalled $ all on account,
Sales during the vear totalled $ of which $ were on account.
Collections from customers on account totalled $
Papments to suppliers on account totalled $
The cost of the imventory that was sold during the year was $
Prepare a statement of finankial position for List assets in order of Iquidity
Moore Tools Campany
Statement of Financlal Position
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