The general ledger trial balance of David Ltd at 30 June 2022 includes the following asset and liability accounts. 

• The lease liability (k) includes an amount of \($26\) 000 for lease payments due before 30 June 2023.

• The company classifies assets and liabilities using a currenton-current basis.

Required 

Prepare the current assets and current liabilities sections of the statement of financial position of David Ltd as at 30 June 2022, using the minimum line items permitted under AASB 101/IAS 1.

Transcribed Image Text:

(a) Interest payable (b) Trade receivables $ 4 000 200 000 (c) Accounts payable (d) Prepayments (e) Inventories of finished goods (f) Allowance for doubtful debts 170 000 24 000 240 000 16.000 (g) Cash 20 000 (h) Accrued wages and salaries 40 000 (i) Inventories of raw materials 120 000 Loan (due 31 October 2022) 200 000 (k) Lease liability 150 000 (1) Current tax payable 60 000