From the details of Margaret Robertson as at 31 March 2022, prepare an accounting equation summary for

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From the details of Margaret Robertson as at 31 March 2022, prepare an accounting equation summary for assets, liabilities and owner’s equity, including the current and non-current classifications as appropriate. Use figure 3.9 as a guide.

Accounts payable $35 000, capital $105 000, cash at bank $25 000, inventory $40 000, land and buildings

$120 000, loan from A Pendix $100 000, machinery $80 000, mortgage from credit union $45 000, office equipment $20 000.

figure 3.9

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:02 PM

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From the details of Margaret Robertson as at 31 March 2022, prepare an accounting equation summary for

Question:

Assets Current Assets Bank Inventory Non-current Assets Motor Vehicles Computers LA $ 12 510 16 100 28 610 33 000 11 990 44 990 73 600 11 = Liabilities Current Liaiblities Accounts Payable Non-current Liaiblities Bank Loan $ 6 600 16 000 22 600 + Owner's Equity Capital $ LA 51 000 51 000

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Based on the image which appears to be Figure 39 we can prepare the followin...View the full answer

Accounting An Introduction To Principles And Practice

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