Cox Ltd's Balance Sheet at 30 September 2004 is as follows.

Further information relevant to the year ended 30 September 2004: 

1. Plant and machinery which had cost $180 000 was sold for $20.000. 

2. Motor vehicles which had cost $72 000 were sold for $11.000. 

3. The freehold premises were purchased in 1992 for $700 000. 

4. On 30 September 2004 the company redeemed $50 000 debentures and its 5% preference shares, all at par. 

Required 

Prepare Cox Ltd's Balance Sheet as at 30 September 2003.

Transcribed Image Text:

Fixed assets Intangible: Goodwill Tangible: Freehold premises Plant and machinery Motor vehicles Total fixed assets Current assets: Stock Debtors Bank Cost or valuation $000 180 1000 742 220 1962 Creditors: amounts falling due within one year Trade creditors 79 Ordinary dividend 35 Depn $000 80 526 116 642 154 106 83 343 114 Creditors: amounts falling due after more than one year 10% debentures 2004/2008 Net Book Value $000 100 1000 216 104 1320 1420 229 1649 250 1399