00:01
So, here in a question we need to determine the final amount of total equity.
00:07
So, for this first we need to transfer all the journal entries to t accounts and compute the closing amounts of every amount every account.
00:19
So, closing amount we need to calculate here one by one.
00:23
So, let's talk about t accounts number one.
00:29
This is property plant and equipment amount.
00:37
So, here opening balance is 15 ,600 at jan 4.
00:45
It will be debit by 43 to closing balances 15 ,643 now for the second, which is cash.
00:59
So, here opening balance is 9 ,100 now at jan 5 it will be debit by 11 jan 6.
01:12
It will be debit by 14 jan 7.
01:17
It will be debit by 70 issuing stock here.
01:24
I can provide at jan 8.
01:26
It will be debit by 8 paid money to ode supplier at jan 9.
01:35
It will be debit by 55 borrowed money from bank.
01:39
So, now the closing balance of cash will be 9 ,100 plus 11 plus 14 plus 70 plus 8 plus 55 so it will be 9 ,200 58 now, let's move towards the next account, which is account receivable.
02:05
So, when we talk about account receivable account, so here opening balance is 4 ,400 jan 5.
02:15
It will be credit by 11 received from customers.
02:19
So, closing balance will be 4 ,400 minus 11, which is 4 ,389.
02:30
Now, the next account is inventory.
02:36
So, for inventory opening balance is 4 ,800 jan 6.
02:43
It will be debit by 11 jan, which is sold and delivered product to customer jan 10 debit by 17 bought manufacturing supply on credit.
02:55
So, now the closing balance will be 4800 minus 11 plus 17.
03:03
So, this is equals to 4 ,806.
03:09
Now, the next account will be debt account here.
03:14
Opening balance is 2400 jan 5.
03:20
It will be debit by 55 borrowed money from bank.
03:25
So, closing balance will be 2 ,400 plus 55, which is 2455...