Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Annie is a sole trader who does not keep full accounting records The following details rel...

Annie is a sole trader who does not keep full accounting records The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6 Trade receivables

Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions withcredit customers and suppliers for the year ended 30 June 20X6:$Trade receivables, 1 July 20X5 130,000Trade payables, 1 July 20X5 60,000Cash received from customers 686,400Cash paid to suppliers 302,800Discounts allowed 1,400Discounts received 2,960Contra between payables and receivables ledgers 2,000Trade receivables, 30 June 20X6 181,000Trade payables, 30 June 20X6 84,000What figure should appear for purchases in Annie’s income statement for the year ended 30 June 20X6?A $325,840B $330,200C $331,760D $327,760

May 21 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions