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The financial information of Ann O'Dell's Music Store at 30 June 2021 is presented to the right. Required 1. Prepare the statement of financial position
The financial information of Ann O'Dell's Music Store at 30 June 2021 is presented to the right. Required 1. Prepare the statement of financial position of the business at 30 June 2021. 2. What does the statement of financial position report: financial position or wealth generated? Which financial statement reports the other information? (Complete the necessary drop downs. Fill in the relevant cells with its corresponding figures.) Requirement 1 Fill in the heading for the statement of financial position. Enter all the assets in the first column and their amounts in the second column. Add the assets to Enter all the liabilities in the first column and their amounts in the second column. Add all the liabilit Our final step in completing the statement of financial position is to complete the owner's equity sec Requirement 2 Requirement 2 Choose the correct answer using the drop-down lists. The statement of financial position reports Now select the financial statement that reports wealth generated of the company. The reports wealth generated
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