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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 1,2023. Its fiscal wear funs through to September 30 of the following year. The fallowing transactions occurred in the fiscal year that started on October 1,2023, ard ended on September 30,2024.
Or October 1.2023, Margaret Moore inwested $175, Co0 to start the husiness: Moore is the only owner. She was issued 10.000 commonshares.
On October 1 Moore Tools borrowed $224,500 from a wenture capitalist (a lender who specializes in start-up companies) and signed a note payable.
On October 1, the company rented a building. The rental agreement was a two-kear contract requiring quarterly rental paymentskevery three months) of $14,000, payable in advance. The first payment was made on October 1,2023(ccvering the period from October 1 to December 31). Thereatter. pawments were due on December 31, March 31, June 30, and September 30 foreach three-month period that followed. All of the rental payments were made as specified in the agreement.
Ori October 1 the company purchased equipment costing $226,600 for cash.
Initial inventory waspurchased for $95,000 cash.
Additional purchases of inwentory dufing the vear totalled $575,000, all on account,
Sales during the vear totalled $939,000 of which $845,100 were on account.
Collections from customers on account totalled $656,500.
Papments to suppliers on account totalled $520000.
The cost of the imventory that was sold during the year was $554,500.
Prepare a statement of finankial position for 2024.(List assets in order of Iquidity))
Moore Tools Campany
Statement of Financlal Position
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