Question $2$

$[20$ Marks$]$

Use the following information to answer the questions:

The business purchased a building for R$121400.$

The total trade and salary payable accounts are R$134100$ and R$24600,$ respectively.

The business's cash at the end of the year was R$12950$

The mortgage note payable for the property that the business owns is R$101100$

The trade receivable for the business were R$20100$

The store has merchandise inventory of R$20150$

Mr$.$ Brown originally invested R$68600$ capital in the business

The business paid R$56800$ for advertising in advance and classified the account as prepaid advertising

The business owns land that is worth R$97000$

Required

a$)$ Identify and classify the assets the business has as of the end of the month, if any, as either current or non$-$current assets.

$(12$ marks$)$

b$)$ Identify and classify the liabilities the business owes at the end of the month, if any, as current or non$-$current liabilities.

$(6$ marks$)$

$3$

HACP$130-1-$Jul$-$Dec$2024-$FA$1-$SM$-$V$3-15082024$

c$)$ Identify the owner's equity from the transactions provided.

$(2$ marks$)$

Note make use of the following format

$\backslash$table$[[$Transaction #$,$Asset,Current $($R$),$Non$-$current $($R$)],[,,,]]$