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Prepare J. Magee's statement of financial position (vertical 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 (vertical 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, eee 800 2,900 200 550 8,150 2,000 Note: You have to determine J. Magee's equity capital balance. Statement of Financial Position for J. Magee as at 31 December 20X9 ASSETS Non-current assets Current assets Total assets EQUITY AND LIABILITIES Equity capital Current liabilities Total liabilities Total equity and liabilities
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