Answer :
### Balance Sheet of Crazy Stores as at 30 April 2023
Assets
- Non-current Assets:
- Vehicles: R120,800
- Furniture: R20,000
- Equipment: R35,000
Total Non-current Assets = R175,800
- Current Assets:
- Bank: R8,850
- Trading Stock: R9,900
- Debtors: R17,000
Total Current Assets = R35,750
Total Assets:
[tex]\[ 175,800 + 35,750 = R211,550 \][/tex]
Equity and Liabilities
- Equity:
- Capital: R185,540
Total Equity = R185,540
- Current Liabilities:
- Trade Creditors: R40,710
Total Current Liabilities = R40,710
Total Equity and Liabilities:
[tex]\[ 185,540 + 40,710 = R226,250 \][/tex]
### Summary
The Balance Sheet is summarized as:
[tex]\[ \begin{array}{c|c} \textbf{Assets} & \textbf{Equity and Liabilities} \\ \hline \text{Vehicles} & 120,800 \\ \text{Furniture} & 20,000 \\ \text{Equipment} & 35,000 \\ \text{Bank} & 8,850 \\ \text{Trading Stock} & 9,900 \\ \text{Debtors} & 17,000 \\ \hline \text{Total Assets} & 211,550 \\ \hline & \text{Capital} \\ & 185,540 \\ & \text{Trade Creditors} \\ & 40,710 \\ \hline & \text{Total Equity and Liabilities} \\ & 226,250 \\ \end{array} \][/tex]
In conclusion, the total assets amount to R211,550 and total equity and liabilities amount to R226,250.
Assets
- Non-current Assets:
- Vehicles: R120,800
- Furniture: R20,000
- Equipment: R35,000
Total Non-current Assets = R175,800
- Current Assets:
- Bank: R8,850
- Trading Stock: R9,900
- Debtors: R17,000
Total Current Assets = R35,750
Total Assets:
[tex]\[ 175,800 + 35,750 = R211,550 \][/tex]
Equity and Liabilities
- Equity:
- Capital: R185,540
Total Equity = R185,540
- Current Liabilities:
- Trade Creditors: R40,710
Total Current Liabilities = R40,710
Total Equity and Liabilities:
[tex]\[ 185,540 + 40,710 = R226,250 \][/tex]
### Summary
The Balance Sheet is summarized as:
[tex]\[ \begin{array}{c|c} \textbf{Assets} & \textbf{Equity and Liabilities} \\ \hline \text{Vehicles} & 120,800 \\ \text{Furniture} & 20,000 \\ \text{Equipment} & 35,000 \\ \text{Bank} & 8,850 \\ \text{Trading Stock} & 9,900 \\ \text{Debtors} & 17,000 \\ \hline \text{Total Assets} & 211,550 \\ \hline & \text{Capital} \\ & 185,540 \\ & \text{Trade Creditors} \\ & 40,710 \\ \hline & \text{Total Equity and Liabilities} \\ & 226,250 \\ \end{array} \][/tex]
In conclusion, the total assets amount to R211,550 and total equity and liabilities amount to R226,250.