Reference no: EM132945175

Question - The statement of financial position of Dornier & Co at the start of the month is as? follows Assets £

Inventories 29,000

Motor vehicles 24,000

Premises 220,000

Trade receivables 26,000

Bank 6,000

TOTAL ASSETS 305,000

Claims £

Equity 269,000

Bank loan 25,000

Trade payables 11,000

TOTAL 305,000

During the month the following transactions take? place:

?(a) Received cash from trade receivables totalling £11,000.

?(b) £5,000 of the bank loan was repaid.

?(c) Inventories sold for £17,000 cash; these inventories had cost £10,625.

?(d) Sold inventories for £20,000 on? credit; these inventories had cost £12,000.

?(e) The owners of the business withdrew £5,000 for their personal use.

?(f) The owners brought a? computer, valued at £2,500?, into the business.

?(g) Fixtures and fittings were purchased costing £12,000. Half of the amount due was paid during the month and the remainder is due to be paid next month.

?(h) Paid trade payables £10,000.

?(i) Bought inventories on credit for £19,000.

Required - Show the statement of financial position at the end of the month after all of the above transactions have been taken into account.