LFS00AC1 Questions On Foundation Studies: Accounting 1 - Assessment Test 1

Get Expert's Help on Assessment Writing

Question 2 (24 marks)

Charlie Loong started Crafty Charlie Services on 1 June 2020. He has provided you with his business transactions for the first week of his business.

Required
Prepare a classified Balance Sheet after each transaction.

  • Charlie Loong deposited $50,000 into the business bank account
  • Purchased computer for $2,000 from Best Computers on credit
  • Borrowed $15,000 from CBA, payable in 3 years
  • Made payment of $1,500 to Best Computers
  • Bought stock of supplies $3,500 for cash
  • Withdrew $5,000 cash from the business

Expert's Answer

Hire Expert Tutors

Get Professional Tutoring at Low Price in Australia


Professional

Tutoring Services

25,187+

Orders Delivered

4.9/5

5 Star Rating

621

PhD Experts

 

Amazing Features

Plagiarism Free

Top Quality

Best Price

On-Time Delivery

100% Money Back

24 x 7 Support

TOP