Business, 11.07.2021 15:30, gamboaserg

Company xyz made the following transactions 6 marks  Borrowed loan of ksh 50000 to start a business
 Obtained Ksh 150,000 in cash from proceeds of sales
 Paid out ksh 240000 in form of salaries
 Purchased Ksh 600000 worth of machinery in cash
 Purchased a track valued at Ksh 1, 500 000 by paying Ksh 300000 in cash and getting a
loan for the reminder
 Paid rent of rent of Ksh 80000 and advertising of ksh 50,000 in cash each
Determine the value of the company’s assets, liability and equity

Answers: 3

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Company xyz made the following transactions 6 marks  Borrowed loan of ksh 50000 to start a busines...