The following information relates to Minnie's hairdressing business in the year ended31 August 20X7:Expenses7,100Opening inventory1,500Closing inventory900Purchases12,950Gross profit12,125Inventory drawings of shampoo75What is the sales figure for the business?A$32,700В$25,600$25,675D$25,750

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Description: The following information relates to Minnie's hairdressing business in the year ended31 August 20X7:Expenses7,100Opening inventory1,500Closing inventory900Purchases12,950Gross profit12,125Inventory drawings of shampoo75What is the sales figure for t

We have the following information: Expenses: $7,100 Opening Inventory: $1,500 Closing Inventory:…

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The following information relates to Minnie's hairdressing business in the year ended 31 August 20X7: $ Expenses 7,100 Opening inventory Closing inventory Purchases Gross profit Inventory drawings of shampoo 1,500 900 12,950 12,125 75 What is the sales figure for the business? $32,700 $25,600 $25,675 $25,750

The following information relates to Minnie's hairdressing business in the year ended 31 August 20X7: $ Expenses 7,100 Opening inventory Closing inventory Purchases Gross profit Inventory drawings of shampoo 1,500 900 12,950 12,125 75 What is the sales figure for the business? $32,700 $25,600 $25,675 $25,750

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 1PA: A partial work sheet for The Fan Shop is presented here. The merchandise inventory at the beginning...

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