1. At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and...

 

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1. At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. a. (1 mark) Johh's capital balance on 1st July 2020 is b. (1 mark) John's capital balance on 30th June 2021 is c. (2 marks) If John did not make any capital contributions or withdraw any money from the business, he made a + of (input a positive number) for the year ended 30 June 2021. 2. (2 marks) At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. If John had contributed $1,000 during the financial year, he made a • of (input a positive number) for the year ended 30 June 2021. 3. (2 marks) At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. If John had withdrawn $2,000 during the financial year, he made a + of (input a positive number) for the year ended 30 June 2021. 1. At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. a. (1 mark) Johh's capital balance on 1st July 2020 is b. (1 mark) John's capital balance on 30th June 2021 is c. (2 marks) If John did not make any capital contributions or withdraw any money from the business, he made a + of (input a positive number) for the year ended 30 June 2021. 2. (2 marks) At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. If John had contributed $1,000 during the financial year, he made a • of (input a positive number) for the year ended 30 June 2021. 3. (2 marks) At 1st July 2020, John Consultation Pty Ltd had assets and liabilities worth $10,000 and $6,000 respectively. At 30th June 2021, the assets and liabilities of John Consultation Pty Ltd were $15,000 and $8,500 respectively. If John had withdrawn $2,000 during the financial year, he made a + of (input a positive number) for the year ended 30 June 2021.

Answer rating: 100% (QA)

Capital Asset Liabilities Date Assets Liabilities Johns Capital balance 1st July 2020 1b 30th J... View the full answer