SMART Practice questions 15. Preparing classified statements of financial position (balance sheets) Donnie owns a business making computer software programmes. The following information is available about his business's assets and liabilities on 31 October 2018. Equipment Cash in hand L Accounts payable Premises Long Bank loan (repayable 2024) 4 Inventory A Delivery vehicle ^ Accounts receivable Cash at bank (overdrawn) Capital A Office machinery Accounts payable $ 90000 4000 22000 A Inventory A Accounts receivable A Cash at bank L Loan from C. Smith 300 000 60 000 16000 32000 5.10X Draw up Kelly's statement of financial position (balance shee as at 30 June 2018 from the following information. . 14 000 8000 $ 13,000 9,000 900 1,550 275 5,075 2,000

(6) Practice questions 15. Preparing classified statements of financial position (balance sheets) Dorinie owns a business making computer soltware programmes. The following information is avallable about his business's assets and llabilities on 31 October 2018. 5.10X Draw up Kelly's statement of financial position (balance shee as at 30 June 2018 from the following information