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Page 4 of 6 Question 2 Worksheet On 1 February 2019 the assets and liabilities of Bianca's Body Shop [15 marks) a's Body Shop were
Page 4 of 6 Question 2 Worksheet On 1 February 2019 the assets and liabilities of Bianca's Body Shop [15 marks) a's Body Shop were as follows This business uses the perpetual Inventory system Bank 8,600 Accounts payable Loan Capital 8.500 33,000 Accounts receivable Inventory Equipment 85.000 12,400 83.700 12.800 9,000 $126.500 Delivery van $126,500 During March the following transactions took place: Received an invoice for $800 relating to stationery expenses Received $12.400 from credit customers Paid monthly rent of $5,000 Bianca bought a new computer costing $3,500 using a personal cheque The computer is for personal use. Paid suppliers for inventory purchased on credit last month, $3,200 Bianca took goods from the business to use at home. The cost of the goods was $2,500 and were listed for sale for $7,800. Cash sales for $7,500, the goods had cost $2,000 Sold goods for $9,000 on credit. The goods had cost $3.400 Purchased inventory on credit at a cost of $4,700 Sold surplus equipment (original cost $4,100) for $4,100 cash Purchased a new delivery van for the business for $40,000. Bianca paid a deposit of $5,000 using a personal cheque. The balance was financed by way of bank loan to the business Required: 1. Enter each of the above transactions in the worksheet provided in the special answer book. Show whether the amount is positive (+) or negative (-). 2 Total each of the columns at the end
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