Question One The statement of the financial position of a business at the start of the week is as follows: Assets GHS Claims GHS Property 145,000 Capital 203,000 Furniture and fittings 63,000 Bank overdraft 43,000 Inventories 28,000 Trade payables 23,000 Trade receivables 33,000 269.000 269,000 During the week the following transactions took place: a. Inventories sold for GHS11,000 cash; these inventories had cost GHS8,000. b. Sold inventories for GHS23,000 on credit; these inventories had cost GHS 17,000. c. Received cash from trade receivables totalling GHS18,000. d. The owners of the business introduced GHS100,000 of their own money, which was placed in the business bank account. e. The owners brought a motor van at GHS10,000 into the business. f. Bought inventories on credit for GHS 14,000. g. Paid trade payables GHS13,000. Required: Show the balance sheet after all of these transactions have been reflected