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The following balances have been obtained from the books of Trust Attorneys as at 30 May 2020. N$ Furniture 23 000 Bank Balance 59 000
The following balances have been obtained from the books of Trust Attorneys as at 30 May 2020. N$ | |
Furniture | 23 000 |
Bank Balance | 59 000 |
Drawings | 15 200 |
Debtors | 4 000 |
Creditors | 10 300 |
Vehicle | 143 100 |
Capital | 272 700 |
Petty Cash | 500 |
Net Profit | 14 000 |
Income Received in advance | 20 000 |
Prepaid expense-Insurance | 600 |
Equipment | 38 000 |
Loan: Crazy Bank | 19 000 |
Accumulated Depreciation: Vehicle | 6 100 |
Required:
Using the above balances, prepare the Balance Sheet of Trust Attorneys as at 30 May 2020.
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