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During the year she bought extra equipment at 5520 extra

Question - Dr. Alonz has the following assets and liabilities creditors $15,800

Equipment $46,000

Motor vehicle $25,160

Stock $24,600

Debtors $23,080

Cash at bank $29,120

Cash at hand $160

During the year, she bought extra equipment at $5,520, extra stock at $2,280, paid creditors by cheque $3,160, received by cash $240 and cheque $3,360 from debtors, added extra capital for $1,000.

Draw the new balance sheet.

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Accounting Basics: During the year she bought extra equipment at 5520 extra

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