QUESTION $1$

$(20$ Marks$)$

REQUIRED

Use the information provided below to prepare the Statement of Financial Position of Lynwood Limited as at $31$ August $2023.$ The notes to the financial statements are not required. Show all workings.

INFORMATION

The following balances were obtained from the accounting records of Lynwood Limited after some of the adjustments and closing transfers were completed on $31$ August $2023,$ the end of the financial year.

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