Question

Balance are reported Allay corporation for the year
2019
Cash $8,000
b. Bank $12,000
c. Sundry Creditors $40,000
d. Prepaid Insurance $1,000
e. Outstanding Wages $2,000
f. Accrued Commission $1,200
g. Closing stock $90,000
h. Machinery $212,000
i. Capital $320,000
j. Retained Earnings $84,800
k. Debtors $86,000
l. Bills Receivable $40,000
m. Outstanding Salaries $2,000.

You are required to prepare balance sheet as per Companies Act 2013

Answer 1

Answer:

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Answer 2

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