Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:17
You are given the following information is for Engwenya Traders at 31 August 2024
R
ut of
Capital
Sales
Credit losses recovered
Cost of sales
Operating expenses
253 000
278 300
7 400
117 300
68 900
Time left 0:09:27
On May 15, 2024, the owner, withdrew an amount of R15 200 to pay for the school fees for one of her nephews. She further withdrew
R40 500 on 18 June 2024 to pay for a family trip to the Olympics 2024 in Paris.
A stock take of the tables was conducted on July 31, 2024. During this assessment, it was discovered that 3 tables, valued at R12 600,
were damaged by the trailer when they were transported to the storeroom.
These damaged tables were offered to the local church at a reduced price of R3 000 each. This offer was accepted by the church and
the tables were delivered at the church on 5 August 2024.
Which one of the following alternatives represents the correct capital balance in the statement of financial position of Engwenya Windows
Traders as at 31 August 2024?
Instructions:
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