Carmela’s business has the following balances at 18 October 2012: Prepare the statement of financial position for Carmela at 18 October 2012. NB: no figure is given for Carmela’s capital – it has to...

Carmela’s business has the following balances at 18 October 2012:

Prepare the statement of financial position for Carmela at 18 October 2012.

NB: no figure is given for Carmela’s capital – it has to be calculated from the information given above.