Question 3 2 3 A) Mojo Limited Worksheet for year ending 30 June 2018 Mojo Jess Consolidated Limited Limited Debit Credit So so Eliminations Shareholder's Equity 9 Paid up Capital $400 $100 $100 10 Reserves $400 $200 $200 1 Retained Earnings $550 $400 $400 12 1,350 $700| 13 Liabilities Current $250 $50 15 Non-current $500 $400 16 Total Liabilities $750 $450 17 Total Liabilities & Equity $2,100 $1,150 18 19 Assets 20 Cash at bank $200 $500 21 Other current asset $100 $450 22 Investment in Jess Limited 1,000 $1,000 23 Other non-current assets $800 $200 24 Goodwill on Consolidation $300 25 Total Assets $2,100 $1,150 1.000 $1,000 26 27 28 B) Balance Sheet of Mojo LTD as at 30 June 2018 29 30 Amount 31 $ 32 Shareholder's Equity 33 Paid up Capital 34 Reserves Retained Earnings 36 Total Equity Is 37 38 Liabilities 39 Current 0 Non-current 1 Total Liabilities 2 Total Liabilities & Equity 43 44 Asset 45 Cash at bank 46 Other current assets 47 Investment in Jess Limited 48 Other non-current assets 49 Goodwill on Consolidation 50 Total Assets Is 51 52 53