John Enterprise has the following assets and liabilities as at 31 December 2022:

You are not given the capital amount at that date.

During the first week of January 2023 John Enterprise:

i. Bought additional office equipment by cheque for RM1,500

ii. Bought extra stock by cheque RM850

iii. Paid creditors by cheque RM2,300

iv. Debtors paid John Enterprise RM1,000 by cheque and RM200 by cash.

v. The owner put in extra RM5,000 into the business, RM3,600 by cheque and RM1,400 in cash.

Required:

Draw up a balance sheet as at 7 January 2023 after the above transactions have been completed.

Transcribed Image Text:

Creditors Equipment and Machinery Fixtures and Fittings Van Stock of Goods Debtors Cash at Bank Cash in Hand RM 5,600 12,400 14,600 18,000 8,700 2,200 7,400 300 Creditors Equipment and Machinery Fixtures and Fittings Van Stock of Goods Debtors Cash at Bank Cash in Hand RM 5,600 12,400 14,600 18,000 8,700 2,200 7,400 300

Answer rating: 100% (QA)

Assets Cash at Bank 7400 1000 200 8600 Cash in Hand 300 1400 1700 De... View the full answer