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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