A friend who owns a small entity trading as Fairies Galore knows that you are studying accounting and asks you to prepare the entity’s classified statement of financial position in narrative format as at 30 June. The friend has provided you with the following list of assets and liabilities (the equity figure has not been provided).

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Cash Motor vehicles Equipment Monies owed by customers Monies owed to suppliers Loan due to be paid in two years Wages owed to employees Rent paid in advance $ 8150 13500 8000 2800 4900 14300 860 400