On Wednesday, Paul bought more wrapping paper for 460 cash. However, it was raining hard for much

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On Wednesday, Paul bought more wrapping paper for £460 cash. However, it was raining hard for much of the day and sales were slow. After Paul had sold half of his total inventories for £320, he decided to stop trading until Thursday morning.

Have a go at drawing up the three financial statements for Paul’s business for Wednesday.

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