The following balance sheet belongs to Nyakwar Atiyo during the period ended 30^th June 2000. The following transactions took place on July 1 2000. (i) Paid creditors...

The following balance sheet belongs to Nyakwar Atiyo during the period ended 30^th June 2000.

The following transactions took place on July 1 2000.
(i) Paid creditors Sh 2000 by cheque.
(ii) Nyakwar Atiyo took stock worth Shs 7500 from the business for his son‘s birthday.
(iii) Motor vehicle previously owned by Nyakwar Atiyo values at sh 200,000 was converted into business vehicles.
Required: Prepare the balance sheet of Nyakwar Atiyo traders as at 2^nd July 2000.

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sharon kalunda answered the question on September 2, 2019 at 10:20

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