PLEASE TURN OVER Question 5 Total Marks 20 J Massa is setting up a new business. Before actually selling anything, he bought a van for R4,500, a market stall for R2,000 and a stock of goods for R1,500. He did not pay in full for his stock of goods and still owes R1,000 in respect of them. He borrowed R5,000 from C Fox. After the events just described, and before trading starts, he has R400 cash in hand and R1, 100 cash at bank. Calculate the amount of his capital. (10 Marks) Draw up Emmanuel's balance sheet from the following information as at 31 December 2008 Capital Debtors Van Creditors Fixtures Stock of goods Cash at bank (10 Marks) 7,200 1,200 3,800 1,600 1,800 4,200 300