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Draw up a statement of financial position for carlisle ltd

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Problem 1: Draw up a statement of financial position for Carlisle Ltd as 31 March 2020, from the following information: £

§ Capital 20,000

§ Machinery 10,500

§ Creditors 1,150

§ Stock 2,150

§ Debtors 620

§ Prepaid expenses 1,500

§ Bank balance 6,840

§ Loan from Seaford 2,960

§ Accrued expenses 1,500

§ Land and building 20,000

§ Long term borrowing from bank 15,000

§ Interest payable 1,000

Reference no: EM132765510

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