Please do not give solution in image format thanku Balance as at July 1, 2022:Trade payablesTrade receivablesTotals for the month:Cash purchasesCash salesPayments to creditorsCash received from debtorsDiscounts receivedDiscounts allowedReturns outwardsReturns inwardsSet of against both ledgersBalance as at July 31, 2022:Trade payablesTrade receivables45,00073,000200,000350,000180,000286,00028,00032,00017,00012,0009,00056,00035,000How much was credit purchases for the month of July 2022?

Given in the question: Trade Payable at July 31, 2022 = 56,000 Trade Payable at July 1, 2022 =…

Answered: How much was credit purchases for the…

Business

Accounting

How much was credit purchases for the month of July 2022?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...

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Question

Please do not give solution in image format thanku

Balance as at July 1, 2022:
Trade payables
Trade receivables
Totals for the month:
Cash purchases
Cash sales
Payments to creditors
Cash received from debtors
Discounts received
Discounts allowed
Returns outwards
Returns inwards
Set of against both ledgers
Balance as at July 31, 2022:
Trade payables
Trade receivables
45,000
73,000
200,000
350,000
180,000
286,000
28,000
32,000
17,000
12,000
9,000
56,000
35,000
How much was credit purchases for the month of July 2022?

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