Question: Please include steps and explanations Verify the correctness of the closing balance sheet of company ALFA and prepare a proper version. ASSETS 1. Share capital

Please include steps and explanations

Please include steps and explanations Verify the correctness of the closing balance

Verify the correctness of the closing balance sheet of company ALFA and prepare a proper version. ASSETS 1. Share capital 2. Tax liabilities 3. Treasury bonds with maturity of 5 years 4. Receivables in court 5. Net loss 6. Paid bank provisions 7. Long-term deferred costs EQUITY AND LIABILITIES 9 000 1. Intangible fixed assets 200 2. Short-term loans granted 100 3. Short-term bank loan 700 4. Trade payables -300 5. Cash at bank 130 6. Goods for resale 1 100 7. Bills of exchange received (redemption date in 3 months) 600 8. Depreciation 2009. Long-term loan (received) 50 11 780 Total equity and liabilities 4 000 500 1 500 800 3 000 1 200 200 180 400 8. Unfinished products 9. Shares in related entities, not for sale 10. Mandatory tax reductions Total assets 11 780

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