Using the information in Review Question 35.13, prepare P. Maclaran's Statement of Financial Position as at 31 December 2015.

Data From Review Question 35.13

Transcribed Image Text:

35.13A The following are summaries of the cash book and bank accounts of P. Maclaran who does not keep her books using the double entry system. Bank Summary Balance on 1 January 2015 Receipts Accounts receivable Cash banked 6,000 35,000 2,200 37,200 43,200 Payments Trade accounts payable 31,000 Rent 1,100 Machinery 3,400 Wages 9,200 Insurance 850 Accounts receivable (dishonoured cheque) 80 Loan interest 500 Balance on 31 December 2015 (46,130) (2,930) Cash Summary f f Balance on 1 January 2015 60 Receipts Cash sales Accounts receivable 9,700 1,100 10,800 10,860