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Prepare J. Magee's statement of financial position (horizontal format) as at 31 December 20X9 from the following: Office machinery Trade payables Sundry payables Inventory of
Prepare J. Magee's statement of financial position (horizontal format) as at 31 December 20X9 from the following: Office machinery Trade payables Sundry payables Inventory of goods Stationery inventory Cash at bank Trade receivables Sundry receivables 18,000 1,000 800 2,900 200 550 8,150 2,000 Note: You have to determine J. Magee's equity capital balance. J. Magee Statement of Financial Position as at 31 December 20X9 EQUITY AND LIABILITIES ASSETS Non-current assets Current assets Current liabilities Total assets 0 Total equity and liabilities 0
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