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    Bilal Mehmood
    J. Hill owns various assets and has certain liabilities according to a balance sheet dated November 30, 2009. During the first week of December 2009, Hill purchased additional equipment on credit, bought extra inventory by cheque, paid creditors by cheque, received payments from debtors partly by cheque and partly in cash, and invested additional funds into the business partly by cheque and partly in cash. The document requests drawing up Hill's updated balance sheet as of December 7, 2009 after accounting for these transactions.

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    Assignment

    Uploaded by

    Bilal Mehmood
    54 views1 page
    J. Hill owns various assets and has certain liabilities according to a balance sheet dated November 30, 2009. During the first week of December 2009, Hill purchased additional equipment on credit, bought extra inventory by cheque, paid creditors by cheque, received payments from debtors partly by cheque and partly in cash, and invested additional funds into the business partly by cheque and partly in cash. The document requests drawing up Hill's updated balance sheet as of December 7, 2009 after accounting for these transactions.

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    J. Hill owns various assets and has certain liabilities according to a balance sheet dated November 30, 2009. During the first week of December 2009, Hill purchased additional equipment on credit, bought extra inventory by cheque, paid creditors by cheque, received payments from debtors partly by cheque and partly in cash, and invested additional funds into the business partly by cheque and partly in cash. The document requests drawing up Hill's updated balance sheet as of December 7, 2009 after accounting for these transactions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    54 views1 page

    Assignment

    Uploaded by

    Bilal Mehmood
    J. Hill owns various assets and has certain liabilities according to a balance sheet dated November 30, 2009. During the first week of December 2009, Hill purchased additional equipment on credit, bought extra inventory by cheque, paid creditors by cheque, received payments from debtors partly by cheque and partly in cash, and invested additional funds into the business partly by cheque and partly in cash. The document requests drawing up Hill's updated balance sheet as of December 7, 2009 after accounting for these transactions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    J.

    Hill has the following assets and liabilities as on November 30, 2009:Accounts Payable $2800, Equipment $6200, Car$7300, Inventory $8100, Accounts Receivable $4050, Cash at bank $ 9100, Cash in hand $195. You are not given the Capital amount at that date. During the first week of December 2009 a) Hill brought extra equipment on credit for $110 b) Hill bought extra inventory by cheque $380 c) Hill paid creditors by cheque $1150 d) Debtors paid hill $640 by cheque and $90by cash e) Hill put an extra $1500 into the business $1300 by cheque and $200 in cash Required:You are to draw up a balance sheet on December 7, 2009 after the above transactions have been completed.

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