i) ii) Tina owns a retail business called Tina Trading. The following balances were extracted from her books on 30 June 2020: (a) Capital, 1 July 2019 Fixtures and fittings at cost Motor vehicles at cost Accumulated depreciation (b) Fixtures and fittings Motor vehicles Additional information: Trade receivables Trade payables Cost of sales Sales revenue Motor expenses Insurance Allowance for impairment of trade receivables Interest Income Wages and Salaries Drawings Cash at bank Inventory Rent Bank loan REQUIRED pho solution $ 20 000 8 000 15 000 2 000 1 500 7 000 4 150 30 840 90 800 630 6 000 350 3 800 20 500 1 400 920 7 310 30 000 5 000 During 2020, Tina withdrew goods valued at $400 from the business for private use. No entry had been made in the books for the withdrawal of these goods. Owner contributes $20 000 into the business bank account. CESTUDER Prepare the statement of financial performance for the year ended 30 June 2020. Prepare the statement of financial position as at 30 June 2020.

i) ii) Tina owns a retail business called Tina Trading. The following balances were extracted from her books on 30 June 2020: (a) Capital, 1 July 2019 Fixtures and fittings at cost Motor vehicles at cost Accumulated depreciation (b) Fixtures and fittings Motor vehicles Additional information: Trade receivables Trade payables Cost of sales Sales revenue Motor expenses Insurance Allowance for impairment of trade receivables Interest Income Wages and Salaries Drawings Cash at bank Inventory Rent Bank loan REQUIRED pho solution $ 20 000 8 000 15 000 2 000 1 500 7 000 4 150 30 840 90 800 630 6 000 350 3 800 20 500 1 400 920 7 310 30 000 5 000 During 2020, Tina withdrew goods valued at $400 from the business for private use. No entry had been made in the books for the withdrawal of these goods. Owner contributes $20 000 into the business bank account. CESTUDER Prepare the statement of financial performance for the year ended 30 June 2020. Prepare the statement of financial position as at 30 June 2020.

Name: 4i)ii)Tina owns a retail business called Tina Trading. The following
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Description: 4i)ii)Tina owns a retail business called Tina Trading. The following balances wereextracted from her books on 30 June 2020:(a)(b)Capital, 1 July 2019Fixtures and fittings at costMotor vehicles at costAccumulated depreciationFixtures and fittingsMoto

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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