A friend who owns a small entity trading as Jobs #4491

A friend who owns a small entity trading as Jobs Galore knows that you are studying
accounting, and has asked if you would prepare the entity's classified balance sheet as at 30
June. The friend has provided you with the following list of assets and liabilities (the equity figure
has not been provided) to perform this task:Cash .......................................... $ 4,000Motor
vehicles .............................. 24,000Equipment ................................... 16,000Des
........................................... 3,500Monies owed to suppliers ................. 6,000Loan
.......................................... 18,000Wages owed to employees ............... 1,200Prepaid Rent
................................ 700View Solution:
A friend who owns a small entity trading as Jobs

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