TASK: Exercise 2.4 Joe Conday from core textbook On 1st March, Joe Conday started a new business. During March he carried out the following transactions/activities: Deposited 20,000 in a newly opened bank account 1st March 2nd March 3rd March 4th March Bought fixtures and fittings for 6,000 cash, and inventories 8,000 on credit Borrowed 5,000 from a relative and deposited it in the bank account. Bought a motor car for 7,000 cash and withdrew 200 in cash for his own use A further motor car costing 9,000 was bought. The motor car bought on 4th March was given in part exchange at a value of 6,500. The balance of the purchase price for the new car was paid in cash Joe won 2,000 in a lottery and paid the amount into the business bank account. He also repaid 1,000 of the loan. 5th March 6th March Required: Draw up a statement of financial position for the business at the end of each day