Prepare the balance sheets as at 1 july and as at 31 july

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Reference no: EM131341152

1. Prepare the balance sheets as at 1 July and as at 31 July.

2. Comment on how the financial condition as at the end of July compared with that at the beginning of July.

3. Why do retained earnings not increase by the amount of July net profit?

4. At the end of July, do you consider that Diletta Ferrari enterprise is worth the amount of its owners' equity, EUR 619,446? Explain.

Reference no: EM131341152

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