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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:
- Stock sold for 11,000 cash; this stock had cost 8,000
- Sold stock for 23,000 on credit; this stock had cost 17,000
- Received cash from trade debtors totaling 18,000
- The owners of the business introduced 100,000 of their own money, which was placed in the business bank account
- The owners brought a motor van, valued at 10,000, into the business.
- Bought stock in trade on credit for 14,000
- Paid trade creditors 13,000
Required:
Show the balance sheet after all of these transactions have been reflected
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