Walmart Inc.
Initial Financial Position (30 November 2017):

• Creditors: $3,500,000
• Equipment: $12,000,000
• Motor vehicle: $7,000,000
• Stock of goods: $10,000,000
• Debtors: $6,500,000
• Cash at bank: $17,000,000
• Cash in hand: $70,000

The capital at that date is to be deduced by you.
During the first week of December 2017:
(a) Walmart bought extra equipment on credit for $2,500,000.
(b) Walmart bought extra stock by cheque $800,000.
(c) Walmart paid creditors by cheque $1,300,000.
(d) Debtors paid Walmart $1,200,000 by cheque and $70,000 by cash.
(e) Walmart put in an extra $400,000 cash as capital.
You are to draw up a balance sheet as on 7 December 2017 after the above transactions have been completed.