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You are an assistant of the accountant. Your company has the following financial data: Materials Goods for resale Receivables Cash in bank Cash in hand

You are an assistant of the accountant. Your company has the following financial data: Materials Goods for resale Receivables Cash in bank Cash in hand Share capital Trade liabilities Bank loan liabilities Required: 3000 4,000 2,000 2,400 1,000 ? 400 1,000 Prepare opening balance sheet. Recognise following business events in the balance sheet: 1. A debtor paid a receivable (by bank money transfer) 800. 2. We paid our liabilities (by bank money transfer) 500. 3. An employee got prepayment in cash 130. 4. Our company purchased materials with a deferred payment 400. 5. Our company paid an instalment of a bank loan (by bank money transfer) 300

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