The opening balance sheet for the enterprise "XYZ" is presented below: The Active Side The Passive Side Account Value PLN Account Value PLN Property, plant & equipment 9950 Paid-in capital Long-term financial assets 5000 Stock capital 2300 Raw materials 800 Bank credit 5000 Accounts receivable 1700 Accounts payable 9150 Goods for resale 7000 Banking account 21000 The Balance Sum The Balance Sum During January the following operations happened: 1. Materials were delivered to the enterprise; an invoice was received, payable later (5000PLN) 2. An invoice for the lease of production hall was paid from our banking account (1500PLN) 3. Materials worth 2000PLN were used in the production process 4. Salaries for the production workers were calculated and paid by bank transfer (3000PLN) 5. A machine worth 10000PLN was bought; payable later 6. All of the long term financial assets were sold for 15000PLN, paid by bank transfer 7. 2000PLN of accounts payable have been paid off 8. 300 products have been produced and issued to the warehouse. No work in progress remains. 9. 250 products were sold, 50 PLN a piece. The customer has paid in cash. Finished goods were issued from the warehouse. 10. The costs and revenues for January were settled and transferred to the financial result account