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Pleas help me with these accounting questions Question 1 (22 marks) Benjamin Graham owns '86 Enterprises'. The Balance Sheet as at 30 June 2019 is

Pleas help me with these accounting questions

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Question 1 (22 marks) Benjamin Graham owns '86 Enterprises'. The Balance Sheet as at 30 June 2019 is given below: 86 Enterprises Balance Sheet as at 30 June 2019 Current assets Current liabilities Cash at bank 29 100 Accrued wages 9 000 Accounts receivable 76 800 Accounts payable M0 120 000 Inventory 72 000 177 900 Non-current Liabilities Non-current assets Loan _o_0_0_Q Equipment 144 000 Accumulated depreciation (14 499) 129 600 Total Liabilities 150 000 Owners' equity Capital 120 000 Retained earnings 7_5_0_0_ Total owners' equity 157 500 Total assets 307 500 Total liabilities 8. owners' equity $307 500 Additional information: The accounts payable were for amounts owing for purchases of inventory. During the 2020 nancial year, the following transactions took place: Stock purchased on credit for $420,000. 1. 2. lnvoiced customers $450,000. 3. Cash Sales $45,000. 4. Paid rent $18,000 including $3,000 for 2 months' prepaid rent for the following year. 5. Received $400,200 from debtors (Accounts Receivable) 6. Paid wages $132,500. Wages still owing at end of year $7,000 7. Paid creditors (Accounts Payable) $295,000 8. Annual Depreciation on equipment is 5% of cost 9. The owner withdrew $5,000 cash from the business 10. Paid 4% interest on the loan Note: Stock on hand at 30 June 2020 was $180,000 Required: a) Complete the worksheet for the year ending 30 June 2020. b) Prepare a Statement of Prot or Loss for the year ending 30 June 2020. c) Prepare a Statement of Financial Position as at the 30 June 2020. (12 + 5 + 5 = 22 marks)

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