Question: Percy, a sole trader operating a small landscaping business, asks you to prepare his balance sheet (showing his equity) for the year ended 30 June

Percy, a sole trader operating a small landscaping business, asks you to prepare his (showing his equity) for the year ended 30 June 2013from the following information: contributed capital $30 000; profit $5600 (for the year ended30 June 2013); drawings $4 000; cash $40000; fixtures and fittings $12 000; $10 000; accounts payable$15 000; bank loan $15 400.

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