15.6AThe following information relates to A. Trader's business:Assets and liabilities at1 January 201931 December 2019£Fixtures18,0004,80024,0008,00016,2005,80028,00011,000Accounts receivableInventoryAccounts payableCash760240Balance at bankLoan from B. Burton15,6006,0004,6002,00016,000Motor vehicleDuring the year, Trader had sold some of his personal investments for £4,000 which he paid into thebusiness bank account, and he had drawn out £200 weekly for private use.

Answered: Image /qna-images/answer/f8d8a814-4ea6-447d-b8e2-6645ffc44736.jpg

Answered: 18,000 4,800 24,000 8,000 eivable vable…

Business

Accounting

18,000 4,800 24,000 8,000 eivable vable 760 ank 15,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

15.6A
The following information relates to A. Trader's business:
Assets and liabilities at
1 January 2019
31 December 2019
£
Fixtures
18,000
4,800
24,000
8,000
16,200
5,800
28,000
11,000
Accounts receivable
Inventory
Accounts payable
Cash
760
240
Balance at bank
Loan from B. Burton
15,600
6,000
4,600
2,000
16,000
Motor vehicle
During the year, Trader had sold some of his personal investments for £4,000 which he paid into the
business bank account, and he had drawn out £200 weekly for private use.

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