A friend who owns a small entity trading as Jobs Galore knows that you are studying accounting, and.

A friend who owns a small entity trading as Jobs Galore knows that you are studying accounting, and has asked if you would prepare the entity’s classified balance sheet as at 30 June. The friend has provided you with the following list of assets and liabilities (the equity figure has not been provided) to perform this task: Cash …………………………………… $ 4,000 Motor vehicles ………………………… 24,000 Equipment …………………………….. 16,000 Des ……………………………………. 3,500 Monies owed to suppliers …………….. 6,000 Loan …………………………………… 18,000 Wages owed to employees …………… 1,200 Prepaid Rent ………………………….. 700 View Solution:
A friend who owns a small entity trading as Jobs

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