1.7 Winston is setting up a new business. Before selling anything, he bought a van for...

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1.7 Winston is setting up a new business. Before selling anything, he bought a van for £9,995; a transportable market stall for £2,050; a computer for £495; and an inventory of goods for £11,720. He did not pay in full for his inventory of goods and still owes £2,380 for them. He borrowed €5,000 from G Orwell. After the events just described, and before trading starts, he has £100 cash in hand and £920 in the bank. Calculate the amount of his capital. 1.8A Danielle is starting a business. Before starting to sell anything, she bought fixtures for €4,100, a van for €5,950 and an inventory of goods for £3,620. Although she has paid in full for the fixtures and the van, she still owes £1,670 for some of the inventory. M Johnson lent her £3,000. After the above, Danielle has £780 in the business bank account and £30 cash in hand. You are required to calculate her capital. 1.9 Draw up Tom Galley's balance sheet from the following information as at 31 December 2024: Capital Trade receivables Motor vehicle Trade payables Equipment Inventory Cash at bank £ 37,650 9,290 11,610 10,230 14,160 12,340 480 1.10A Draw up Amy Banfield's balance sheet as at 30 June 2024 from the following items: Capital Equipment Trade payables Inventory Trade receivables Cash at bank £ 22,960 11,660 6,390 7,920 9,400 370 1.7 Winston is setting up a new business. Before selling anything, he bought a van for £9,995; a transportable market stall for £2,050; a computer for £495; and an inventory of goods for £11,720. He did not pay in full for his inventory of goods and still owes £2,380 for them. He borrowed €5,000 from G Orwell. After the events just described, and before trading starts, he has £100 cash in hand and £920 in the bank. Calculate the amount of his capital. 1.8A Danielle is starting a business. Before starting to sell anything, she bought fixtures for €4,100, a van for €5,950 and an inventory of goods for £3,620. Although she has paid in full for the fixtures and the van, she still owes £1,670 for some of the inventory. M Johnson lent her £3,000. After the above, Danielle has £780 in the business bank account and £30 cash in hand. You are required to calculate her capital. 1.9 Draw up Tom Galley's balance sheet from the following information as at 31 December 2024: Capital Trade receivables Motor vehicle Trade payables Equipment Inventory Cash at bank £ 37,650 9,290 11,610 10,230 14,160 12,340 480 1.10A Draw up Amy Banfield's balance sheet as at 30 June 2024 from the following items: Capital Equipment Trade payables Inventory Trade receivables Cash at bank £ 22,960 11,660 6,390 7,920 9,400 370

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