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QUESTION 3 (15 MARKS (a) Jackson is setting up a new business. Before selling anything, he bought a van for RM8,750; a transportable market stall
QUESTION 3 (15 MARKS (a) Jackson is setting up a new business. Before selling anything, he bought a van for RM8,750; a transportable market stall for RM2,400; a computer for RM490; and an inventory of goods for RM12,300. He did not pay in full for his inventory of goods and still owes RM8,200 for them. He borrowed RM3,000 from Cempaka Int. After the events just described and before trading starts, he has RM200 cash in hand and RM1,440 in the bank. Calculate the amount of his capital. [6 marks) (b) Complete the gaps in the following table: Assets (RM) Liabilities (RM) Capital (RM) 1 83,000 44,000 2 36,600 38,900 3 107,500 41,500 4 100,500 47,400 5 47,200 36,500 6 30,500 28,100 7 50.000 18,000 8 80,400 32,100 9 65,800 22,400 [9 marks]
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