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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: Go to Settings to activate Wi

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: Go to Settings to activate Wi

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: Go to Settings to activate Wi
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: Go to Settings to activate Wi
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