Prepare a balance sheet as at 31 january 2005

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Reference no: EM131341194

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.

Reference no: EM131341194

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