Learning Goal: I’m working on a python question and need guidance to help me learn.
J. Hill has the following assets and liabilities as on 30 November 20X9: Creditors £2,800;Equipment £6,200; Car £7,300; Stock of goods £8,100; Debtors £4,050; Cash at bank £9,100; Cash inhand £195.You are not given the capital amount at that date.During the first week of December 20X9(a) Hill bought extra equipment on credit for £110.(b) Hill bought extra stock by cheque £380.(c) Hill paid creditors by cheque £1,150.(d) Debtors paid Hill £640 by cheque and £90 by cash.(e) Hill put in an extra £1,500 into the business, £1,300 by cheque and £200 in cash.You are to draw up a balance sheet as on 7 December 20X9 after the above transactions have beencompleted.