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Question R Additional information: 1 Ricardo introduced additional capital of $50000 on 1 January 2010. 2 He took drawings of $7500 each month. 3He decided

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Question R Additional information: 1 Ricardo introduced additional capital of $50000 on 1 January 2010. 2 He took drawings of $7500 each month. 3He decided to increase the provision for doubtful debts by $1500 on 31 October 2010. (a) Prepare Ricardo's statement of affairs on 1 November 2009 showing his total capital at that date. Ricardo - Statement of Affairs at 1 November 2009

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