The following information is taken from the accounts of Registration Ltd for the year ended 31 December
Question:
The following information is taken from the accounts of Registration Ltd for the year ended 31 December 2019:
1. What was the amount of cash received from customers?
2. What was the amount of cash paid to suppliers?
Transcribed Image Text:
Accounts receivable, 1 January 2019 Accounts receivable, 31 December 2019 Allowance for doubtful debts, 1 January 2019 Allowance for doubtful debts, 31 December 2019 Inventory, 1 January 2019 Inventory, 31 December 2019 Accounts payable, 1 January 2019 Accounts payable, 31 December 2019 Credit sales Cash sales COGS Bad debts expense $ 95 000 70 000 13 000 5 000 90 000 95 000 70 000 60 000 300 000 160 000 420 000 12 000
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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