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Mohd Harun has the following particulars in his balance sheet as on 30 April 2013:
Capital RM18,400; Creditors RM2,100; Fixtures RM2,800; Car RM3,900; Inventory RM4,550; Debtors RM2,780; Cash at bank RM6,250; Cash in hand RM220.
During the ?rst week of May 2013:
(a) He bought extra inventory RM400 on credit.
(b) One of the debtors paid him RM920 by cheque.
(c) He bought a computer by cheque RM850.
Problem 1: Draw up a balance sheet as on 7 May 2013 after the above transactions have been completed.
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