Reference no: EM132589009

Question - During June the following transactions take place for Martijn's business:

Sold inventories for €11,000 cash; these inventories had cost €8,000.

Sold inventories for €23,000 on credit; these inventories had cost €17,000.

Received cash from trade receivables totalling €18,000.

The owners of the business introduced €100,000 of their own money, which was placed in the business bank account.

The owners brought a motor van, valued at €10,000 into the business.

Bought inventories on credit for €14,000.

Paid trade payables €13,000.

The following is the list of assets and claims at the start of June: €10,500 Cash at bank, €37,800 Trade receivables, €25,200 Inventories, €58,800 Furniture, €126,000 Property, €48,300 Trade payables, €210,000 Equity.

Required - Show the statement of financial position transactions at the end of June. (Show the final numbers for each item in the statement and show under the statement how you got the final number for each item).