Reference no: EM132484001

The balance sheet of a business at the start of the week is as follows:

Assets Rwf (000)                                  Claims Rwf (000)

Freehold premises 145,000                     Capital 203,000

Furniture and fittings 63,000                    Bank overdraft 43,000

Inventories (stocks) 28,000                    Trade payables 23,000

Trade receivables 33,000

269,000                                               269,000

During the week the following transactions take place (Amounts in 000):

1. Inventories sold for Rwf 11,000 cash; these inventories had cost Rwf 8,000.
2. Sold inventories for Rwf 23,000 on credit; these inventories had cost Rwf 17,000.
3. Received cash from trade receivables totalling Rwf 18,000.
4. The owners of the business introduced Rwf 100,000 of their own money, which was placed in the business bank account.
5. The owners brought a motor van, valued at Rwf 10,000, into the business.
6. Bought inventories on credit for Rwf 14,000.
7. Paid trade payables Rwf 13,000.

Required:

Question 1: Show the balance sheet after all of these transactions have been reflected.