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The balance sheet of a nosiness at the start of the week is as follows Assets Claims Freehold premises 145,000 Capital 203,000 Furniture and fittings

The balance sheet of a nosiness at the start of the week is as follows

Assets Claims
Freehold premises 145,000 Capital 203,000
Furniture and fittings 63,000 Bank overdraft 43,000

Stock in trade

28,000 Trade creditors (payables) 23,000
Trade debtors (receivables) 33,000 269,000
269,000

During the week the following transactions take place:

  1. Stock sold for 11,000 cash; this stock had cost 8,000
  2. Sold stock for 23,000 on credit; this stock had cost 17,000
  3. Received cash from trade debtors totaling 18,000
  4. The owners of the business introduced 100,000 of their own money, which was placed in the business bank account
  5. The owners brought a motor van, valued at 10,000, into the business.
  6. Bought stock in trade on credit for 14,000
  7. Paid trade creditors 13,000

Required:

Show the balance sheet after all of these transactions have been reflected

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