Listed below are balances at 30 June 2012. Cash at bank 210 000 Inventory...
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Accounting
Listed below are balances at 30 June 2012.
Cash at bank 210 000
Inventory 60 000
Sales 210 000
Wages 40 000
Cost of goods sold 70 000
Share capital 140 000
Accounts payable 30 000
Required:
- Classify each account as an asset, liability, revenue, expense, equity.
- Prepare an income statement for the period ending 30 June 201
- Prepare a balance sheet at 30 June 2012.
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