Left Balance sheet
Cash 2'833
Receivables 11'946
Inventories 8'885
Property, plant and equipment 20'114
Other assets 56'912
Total 100'690
Right balance sheet
Accounts payable 11'137
Othe rliabilites 37'081
Owners' equity 52'472
Total 100'690
Transactions
1- Inventory with cost of 500 were sold for 350 & on open account of 400, for a grand total of 750
2- Collect receivables of 620
3- Depreciation expense of 30 was recognized
4- Selling and administrive expenses of 240 were paid in cash
5- Prepaid expenses of 50 expired. these included fire insurance premiums paid in the previous year that applied to future months. the expiration increases selling and administration expenses and reduces other assets