please help me with a statement of financial position using below information?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
100%

Hi ,can you please help me with a statement of financial position using below information?

Thanks 

Task 2:
Lucky House Ltd
Trial Balance
As at 30 September 2020
Account
Debit
Credit
Cash at Bank
5,850
Capital Account
15,000
Machine
8,100
Raw Materials
2,655
Stationery
Accounts Payable
250
6,545
Rent
950
Business Insurance
38
Prepayments
1,362
Sales Income
17,550
Cost of Goods Sold
11,345
Accounts Receivable
4,500
Drawings
Telephone
4,000
45
Depreciation
Accumulated Depreciation
135
135
Total
39,230
39,230
Transcribed Image Text:Task 2: Lucky House Ltd Trial Balance As at 30 September 2020 Account Debit Credit Cash at Bank 5,850 Capital Account 15,000 Machine 8,100 Raw Materials 2,655 Stationery Accounts Payable 250 6,545 Rent 950 Business Insurance 38 Prepayments 1,362 Sales Income 17,550 Cost of Goods Sold 11,345 Accounts Receivable 4,500 Drawings Telephone 4,000 45 Depreciation Accumulated Depreciation 135 135 Total 39,230 39,230
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financial Information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education