A. Park has the following items in her statement of financial position on 30 April 2012: Capital
Question:
A. Park has the following items in her statement of financial position on 30 April 2012: Capital £31,700; Accounts payable £7,400; Fixtures £9,600; Car £12,300; Inventory £8,600; Accounts receivable £4,100; Cash at bank £1,600; Cash in hand £2,900. During the first week of May 2012
(a) She bought extra inventory for £1,100 on credit.
(b) One of the debtors paid her £450 by cheque.
(c) She bought a computer by cheque £610. You are asked to draw up a statement of financial position as at 7 May 2012 after the above transactions have been completed.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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