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Accounting & Finance
 Online Tutoring : Forum : Homework Help - Economics & Business Studies : Accounting & Finance
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Temeka29
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Joined: 20 September 2007
Location: Turks and Caicos Islands
Posts: 1
Posted: 20 September 2007 at 12:29am | IP Logged Quote Temeka29

f dale has the following assets and liabilities as on 30 nov 2009.

creditors $3 950, equipment $11 500, motor vehicle $6 290, stocks of goods $6 150, debtors $5 770, cash at bank $7 280, cash in hand $40

 

the capital at that date is to be deduced by you

during the first week of december 2009

dale bought extra equip on credit for $1 380

dale bought extra stock by cheque $570

dale paid creditors by cheque $790

debtors paid dale $840 by cheque and $60 by cash

dale put in an extra $250 cash as capital

you are to draw up a balance sheet as on 7 dec 09 after the above transaction have been completed.

 



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