Question
The Wood Stock LLC gives you the following ledger balance information. Account Title OMR Land 10,000 Machine 8,000 Debtors 450 Bank overdrafts 200 Share capital
The Wood Stock LLC gives you the following ledger balance information.
Account Title
OMR
Land
10,000
Machine
8,000
Debtors
450
Bank overdrafts
200
Share capital
40,000
Trade receivables
500
Retained earning
1,500
Rent payable
500
Investment long term
15,000
Creditors
1,200
Cash
800
Furniture
4,000
Share premium
250
Bank Loan
7,000
Trade payables
1,800
From the information in the above table you are required solve the following questions:
Calculate the value of total fixed asset:
Calculate the value of equity:
Find the amount of current liabilities:
What is the value of investments made by the company?
What will be the value of current asset
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