Answer ALL the following questions. Show calculations
for full credit:
Question # 1: (CLO 4)
The following items were the account balances of Perth
Company:
Accumulated depreciation £5,455 Unearned Revenues £
743
Accounts payable 1,244 Patent 680
Notes payable after 2020 168 Equipment 11,300
Shaer capital-ordinary 9,800 Land held for investment 464
Retained earnings 3,263 Short-term investments 3,490
Accounts receivable 1,496 Notes payable in 2020 681
Cash 2,868 Inventories 1,056
Instructions: Prepare a classified statement of financial position
in good...