Chapter2S - Financial accounting for decision makers(5th...

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Unformatted text preview: Financial accounting for decision makers (5th edition) Atrill and McLaney Exercise solution Chapter 2 Sarah Balance sheet as at the end of June Assets £ Claims £ Bank account Capital (+50,000a +35,000b –40,000c – (+50,000a –15,000f +5,000f 3,000d – 10,000e +5,000f –500g – +20,000f –500g –100h –200j) 59,200 100h +4,000i –200j) 40,200 Business unit (+40,000c) Long­term borrowings – 40,000 Commercial Loan Co mpany (+35,000b) Trade payables (+20,000e) 35,000 Motor van (+3,000d) 3,000 20,000 Inventories (+10,000e +20,000e –15,000f) 15,000 Trade receivables (+20,000f –4,000i) 16,000 114,200 114,200 1 ...
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This note was uploaded on 11/29/2009 for the course ACCOUNTING 2 taught by Professor Reynolds during the Spring '08 term at Open Uni..

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