Identify each item in the accounting records as either an asset, a liability, or ownership…

a) Identify each item in the accounting records as either an asset, a liability, or ownership interest
or Equity (identifying separately the expenses and revenues which contribute to the change in
the ownership interest).
b) Prepare a statement of financial position (balance sheet) at 30 June Year 2.
c) Prepare an income statement (profit and loss statement) for the year ended 30 June Year 2.