Lory & Co's balance sheet as at 31 December 2004 included the following accounts (arranged here in random order):
|
|
EUR
|
|
Cash and cash equivalents
|
24,000
|
|
Short-term borrowings
|
20,000
|
|
Inventory
|
80,000
|
|
Issued Capital
|
160,000
|
|
PPE
|
88,000
|
|
Trade and other receivables
|
28,000
|
|
Trade and other payables
|
16,000
|
|
Interest bearing borrowings
|
24,000
|
During January 2005, these transactions and events took place:
3 January: purchased jackets for resale on credit for EUR 6,000
7 January: sold at cost for EUR 2,000 store fixtures that were not needed
12 January: issued new capital for EUR 24,000 to finance the acquisition of new equipment
20 January: purchased a new shop for EUR 50,000, of which EUR 10,000 was paid in cash, the balance being settled by obtaining a bank loan.
Prepare a balance sheet as at 31 January 2005.