Dolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their ope...

Transcribed Image Text:

Dolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their ope month of June 2023 were affected by heavy rains, which damaged a portion of their closing stock. following records available for the period: Data as at June 1, 2023: Creditors Debtors Stock Data recorded during the month: Receipts from credit customers Bad debts written off Cheques returned from creditors Cash sales Discounts allowed Stock taken for personal use Returns outwards Cash purchases Payments to credit suppliers Set off Discounts received Data as at June 30, 2023: Creditors Debtors Undamaged stock 99,700 81,400 144,800 72,300 5,100 8,900 218,600 7,200 4,100 15,800 190,100 62,200 6,300 11,700 54,900 87,500 10,300 REQUIRED: From the data provided, calculate the following: o Total sales o Total purchases o Gross profit o Total value of closing stock o Value of the stock that was destroyed Show all relevant workings. Dolo Enterprises is a retailer of household appliances, operating with a mark-up of 20%. Their ope month of June 2023 were affected by heavy rains, which damaged a portion of their closing stock. following records available for the period: Data as at June 1, 2023: Creditors Debtors Stock Data recorded during the month: Receipts from credit customers Bad debts written off Cheques returned from creditors Cash sales Discounts allowed Stock taken for personal use Returns outwards Cash purchases Payments to credit suppliers Set off Discounts received Data as at June 30, 2023: Creditors Debtors Undamaged stock 99,700 81,400 144,800 72,300 5,100 8,900 218,600 7,200 4,100 15,800 190,100 62,200 6,300 11,700 54,900 87,500 10,300 REQUIRED: From the data provided, calculate the following: o Total sales o Total purchases o Gross profit o Total value of closing stock o Value of the stock that was destroyed Show all relevant workings.

Answer rating: 100% (QA)

Calculation of the Total Sales Total Sales Cash Sales Receipts from Credit Customers Returns Outward... View the full answer