A & M 2.4: Joe conday
1-Mar Put £20,000 into new bank account
£20,000
2-Mar Bought fixtures and fittings for £6,000 cash
£6,000
Bought inventories of £8,000 on credit
£8,000
3-Mar Borrowed £5,000 cash from a relative
£5,000
4-Mar Bought a car for £7,000 cash
£7,000
Withdrew £200 cash
£200
5-Mar Bought another car for $9,000
£9,000
Part exchange of £6,500
£6,500
Balance of £2,500 paid in cash
£2,500
6-Mar Won £2,000 in a lottery
£2,000
repaid £1,000 in borrowings
£1,000
Draw up a statement of financial position for the business at the end of each day