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PLS fill in the blanks I need answers in 30 minutes INSTRUCTIONS: Fill in the balance sheet below with items and values. [15 marks] Some

PLS fill in the blanks I need answers in 30 minutes

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INSTRUCTIONS: Fill in the balance sheet below with items and values. [15 marks] Some financial information: Debtors - $ 7 000 Land - $ 10 000 Overdraft - $ 2 000 Creditors - $ 6 000 Machinery - $ 15 000 Mortgage - $ 100 000 Share Capital - $ 100 000 Stock - $ 11 000 Ordinary Shares - $ 100 000 DESCRIPTION $ $ (TOTALS) Fixed Assets 1. Premises 300 000 2. 3. Total Fixed Assets (FA) ? Current Assets 1. Cash at bank 5 000 2. Cash at hand 5 000 3. Total Current Assets (CA) ? Current Liabilities4. Total Current Assets (CA) ? Current Liabilities 1. 2. Total Current Liabilities (CL) ? Working Capital (WC = CA - CL) Assets Employed (AE = WC + FA) ? Long-term Liabilities (LTL) 1. Loan 40 000 2. Net Assets (NA = AE - LTL) ? Financed by: 1. Retained Profit 5 000 2 3. Equity 205 000

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