Question $1$

A$.$ Park has the following items in her statement of financial position on $30$ April $2014$:

Capital RM $45,000$; Accounts payable RM$8000$; fixtures RM$10,000$; car RM$22300$; inventory RM$7000$;

Accounts receivable RM$9200$; cash at bank RM$1600$; cash in hand RM$2900.$

During the first week of May $2014$

a$)$ She bought extra inventory for RM$660$ on credit

b$)$ One of the debtors paid her RM$490$ by cheque

c$)$ She bought a computer by cheque RM$4000$

d$)$ Paid creditors RM$500$ by cash

You are asked to draw up statement of financial position as at $7$ may $2014$ after the above transactions have been completed