document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202270>Question 1202270</A>: <I><SPAN STYLE=\"word-break: break-all;\"> r. X commenced business on 1 June 2022. The following transactions took place during the month of June.   <BR>\n" );
document.write( "1. Introduced cash of $4,000 and a car valued at $1,750.<BR>\n" );
document.write( "2. Bought goods for cash at a cost of $1,130.<BR>\n" );
document.write( "3. Paid wages of $13 and sundry expenses of $2.<BR>\n" );
document.write( "4. Sold goods on credit to V for $1,900.<BR>\n" );
document.write( "5. Bought goods on credit from W for $85.<BR>\n" );
document.write( "6. Bought equipment at a cost of $350.<BR>\n" );
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document.write( "Required:<BR>\n" );
document.write( "a) Show the effects of the above transactions on the accounting equation.<BR>\n" );
document.write( "      (20 marks)<BR>\n" );
document.write( "b) Prepare the Income statement of the business for the month ended 30 June 2022.<BR>\n" );
document.write( "      (8 marks)<BR>\n" );
document.write( "c) Prepare the Balance sheet of the business as at 30 June 2022. (12 marks) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #836975 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52915)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=836975\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "Not for this forum.\r<BR>\n" );
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