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: $ 130,000 60,000 686,400 302,800 2,960 2,000 181,000 84,000 Trade receivables, 1 July 20X5 Trade payables, 1 July 20X5 Cash received from customers Cash paid to suppliers Discounts received Contra between payables and receivables ledgers Trade receivables, 30 June 20X6 Trade payables, 30 June 20X6 What figure should appear for purchases in Annie's statement of profit or loss for the year ended 30 June 20X6?

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: $ 130,000 60,000 686,400 302,800 2,960 2,000 181,000 84,000 Trade receivables, 1 July 20X5 Trade payables, 1 July 20X5 Cash received from customers Cash paid to suppliers Discounts received Contra between payables and receivables ledgers Trade receivables, 30 June 20X6 Trade payables, 30 June 20X6 What figure should appear for purchases in Annie's statement of profit or loss for the year ended 30 June 20X6?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...

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