Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please copy and paste here the Balance Sheet (Statement of Financial Position) that you have pre-prepared from the provided accounts and balances. 16 18 Bea

Please copy and paste here theBalance Sheet (Statement of Financial Position)that you havepre-prepared from the provided accounts and balances.

image text in transcribed
16 18 Bea withdrew $5,000 cash from the business. Page 3 of 6 # Date Transaction/Event 17 21 Paid $360 to a maintenance service for repairs to a damaged shop fixture. 18 22 Credit sales of 5 laptops @$1,540 each and 9 tablets @$540 each. 19 23 Paid fortnightly wages of $1,500 to Carly. 20 24 Credit purchase of 20 laptops @$950 each and 10 tablets @$320. 21 25 Bea used $4,100 from the business bank account to pay her personal credit card. 22 26 Bea arranged a bank overdraft facility for her business bank account, with an available credit limit of $20,000. 23 27 Paid $20,000 to suppliers. 24 28 Booked an office cleaner for a same-day express cleaning service. Paid $180 25 29 Credit sales of 10 smartphones @$830 each and 11 tablets @$550 each. 26 30 Took a laptop computer from inventory to use in the business' operations from 13 May (useful life 3 years, residual value $0)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 11 - Crafty Comprehensive Income

Authors: Kate Mooney

1st Edition

0071719334, 9780071719339

More Books

Students also viewed these Accounting questions