PepsiCo Inc.
Initial Financial Position (30 November 2016):

• Creditors: $2,800,000
• Equipment: $13,000,000
• Motor vehicle: $6,800,000
• Stock of goods: $10,000,000
• Debtors: $7,200,000
• Cash at bank: $19,000,000
• Cash in hand: $60,000

The capital at that date is to be deduced by you.
During the first week of December 2016:
(a) PepsiCo bought extra equipment on credit for $2,200,000.
(b) PepsiCo bought extra stock by cheque $750,000.
(c) PepsiCo paid creditors by cheque $1,400,000.
(d) Debtors paid PepsiCo $1,100,000 by cheque and $70,000 by cash.
(e) PepsiCo put in an extra $300,000 cash as capital.
You are to draw up a balance sheet as on 7 December 2016 after the above transactions have been completed.