Sean and Co is a new pizza delivery business that was created by depositing £20,000 in a bank account on 01 April. This

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answerhappygod
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Sean and Co is a new pizza delivery business that was created by depositing £20,000 in a bank account on 01 April. This

Post by answerhappygod »

Sean and Co is a new pizza delivery business that was created by
depositing £20,000 in a bank account on 01 April. This amount was
raised partly from Sean, who is the owner (£6,000), and partly from
bank loan (£14,000). During the first week of trading, Sean bought
a motorbike for £5,000 paying by cheque. The motorbike will be used
to deliver the pizzas.
At the end of the first week of trading, the total current asset in
the business is:
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