Question: 2 . 3 On 1 March, Joe Conday started a new business. During March he carried out the following transactions: 1 March Deposited 2 0

2.3 On 1 March, Joe Conday started a new business. During March he carried out the following transactions:
1 March Deposited 20,000 in a newly opened business bank account.
2 March Bought fixtures and fittings for 6,000 cash and inventories 8,000 on credit.
3 March Borrowed 5,000 from a relative and deposited it in the bank.
4 March Bought a motor car for 7,000 cash and withdrew 200 in cash for his own use.
5 March A further motor car costing 9,000 was bought. The motor car bought on 4 March was given in part exchange at a value of 6,500. The balance of purchase price for the new car was paid in cash.
6 March Conday won 2,000 in a lottery and paid the amount into the business bank account. He also repaid 1,000 of the borrowings.
Required:
Draw up a statement of financial position for the business at the end of each day.
 2.3 On 1 March, Joe Conday started a new business. During

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