Dont give in image or screen shrot in this answer 5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the narrative classified format: Cash at bank$ 75000Accounts receivable (net)37500Inventory30000Land37500Fixtures and fittings9 000Loan payable7 500Tax payable7 500Share capital30000Retained earnings144000 Balance sheet in T Account format: Balance sheet in narrative format:

The balance sheet is one of the financial statements of the business. It represents the financial…

Answered: 5.17 From the following account…

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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5.17 From the following account balances of Daisy Pty Ltd as at 30 September 2015, produce a balance sheet in both the T-format and the narrative classified format:

Cash at bank	$ 75000
Accounts receivable (net)	37500
Inventory	30000
Land	37500
Fixtures and fittings	9 000
Loan payable	7 500
Tax payable	7 500
Share capital	30000
Retained earnings	144000

Balance sheet in T Account format:

Balance sheet in narrative format:

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