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The statement of financial position of PQR plc at the start of the week is as follows: Assets: K000 Property 145 Furniture and fittings 63

The statement of financial position of PQR plc at the start of the week is as follows:

Assets: K000

Property 145

Furniture and fittings 63

Inventories 28

Trade receivables 33

Total assets 269

Equity and liabilities

Equity 203

Bank overdraft 43

Trade payables 23

Total equity and liabilities 269

During the week the following transactions take place:

  1. Sold inventories for K11,000 cash, these inventories had cost K8,000.

  1. Sold inventories for K23,000 on credit, these inventories had cost K17,000

  1. Received cash from trade receivables totaling K18,000.

  1. The owners of the business introduced 100,000 of their own money, which was placed in the business bank account.

  1. The owners brought a motor van, valued at K10,000, into the business.

  1. Bought inventories on credit for K14,000

  1. Paid trade payables K13,000

Required:

Show the statement of financial position after all of these transactions have been reflected.

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