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please provide a full solution Closing inventory was 500. 9.8A Ms Porter's business position...

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Closing inventory was 500. 9.8A Ms Porter's business position at Wuly was as follows: Inventory Equipment Creditor (OK Ltd) and Payable Debtor (AB Ltd) account Receivable f 5,000 3,700 500 300 1,200 Bank balance 22 Chapter 9 - Statements of profit or loss and statements of financial position: further considerations During July, she: E Sold goods for cash - paid to bank Sold goods to AB Limited Bought goods from OK Ltd on time Paid OK Ltd by cheque Paid general expenses by cheque AB Ltd paid by cheque 3,200 600 3,900 3,000 500 300 Inventory at 31 July was 6,200 Required: (a) Open ledger accounts (including capital) at 1 July (b) Record all transactions (c) Prepare a trial balance (d) Prepare a statement of profit or loss for the period (e) Prepare a statement of financial position as at 31 July

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