The information below was taken from the general ledger accounts of Muhria Tran, who uses the accrual

Question:

The information below was taken from the general ledger accounts of Muhria Tran, who uses the accrual basis of accounting.

Required

(a) Calculate the amount of cash collected from customers during 2021.

(b) Calculate the amount of cash paid to suppliers for purchases during 2021.

(c) Calculate the amount of cash paid to suppliers of services (including employees) during 2021.

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Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

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Question Posted: Mar 09, 2024 06:03 AM

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The information below was taken from the general ledger accounts of Muhria Tran, who uses the accrual

Question:

Accounts receivable Inventory Prepaid insurance Accounts payable MUHRIA TRAN 30 June 2021 $115800 48 360 2200 35 500 2020 $78 600 52 200 2700 37 700 4700 Wages payable Sales 3200 270000 Cost of sales 148000 Expenses (including $47.000 depreciation) 88000

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Financial Accounting

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