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The statement of financial position of Bharwani Traders on 31 October 204 is shown below. Bharwani Traders Statement of financial position at 31 October 204

  • The statement of financial position of Bharwani Traders on 31 October 20–4 is shown below. Bharwani Traders Statement of financial position at 31 October 20–4 Assets $ Liabilities $ Machinery 19 000 Capital 35 000 Motor vehicles 6 000 Trade payables 8 000 Inventory 4 900 Trade receivables 3 000 Bank 10 100 20 000 43 000 43 000 On 1 November 20–4 the following transactions took place: A cheque for $3 000 was paid to a credit supplier. A credit customer paid $500 in cash. A loan for $8 000, which was paid into the bank, was received from Lenders Limited. A cheque for $7 000 was paid for an additional machine. Prepare the statement of financial position of Bharwani Traders on 1 November 20–4 a!

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