The following information relates to Supenor Services (1) items which reflect the financial position at 30...

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The following information relates to Supenor Services (1) items which reflect the financial position at 30 November 2016: Land and buildings Equipment Debtors Cash in the bank. Mortgage bond over land and buildings: Creditors Capital (2) Transactions. 1 to 31 December 2016: () Pay creditors (a) Received from debtors () Paid for the erection of a carport (iv) Additional loan on the mortgage bond (v) Withdrew capital from the bank REQUIRED: R 100 000 20 000 28 450 10 720 60 000 14 380 2 R 5 600 8900 18 000 10 000 3 000 (a) Calculate Superior Services' capital at 30 November 2016 (b) By using the accounting equation and an applicable statement, analyse the transactions from 1 to 31 December 2016 under relevant headings (c) Draft a statement of cash flows for December 2016 The following information relates to Supenor Services (1) items which reflect the financial position at 30 November 2016: Land and buildings Equipment Debtors Cash in the bank. Mortgage bond over land and buildings: Creditors Capital (2) Transactions. 1 to 31 December 2016: () Pay creditors (a) Received from debtors () Paid for the erection of a carport (iv) Additional loan on the mortgage bond (v) Withdrew capital from the bank REQUIRED: R 100 000 20 000 28 450 10 720 60 000 14 380 2 R 5 600 8900 18 000 10 000 3 000 (a) Calculate Superior Services' capital at 30 November 2016 (b) By using the accounting equation and an applicable statement, analyse the transactions from 1 to 31 December 2016 under relevant headings (c) Draft a statement of cash flows for December 2016

Answer rating: 100% (QA)

a 30 November 2016 Capital Land and buildings Equipment Debtors Cash in the bank Mortgage bond over land and buildings Creditors Capital 100 000 20 000 28 450 10 720 80 000 14 380 3 000 59 290 31 Dece... View the full answer