7.2 Learning Example Matt' s accountant has advised him that his cost of sales figure is $23,560. He has counted the stock in hand at the year end and it amounts to $4,320. He also knows that he had opening inventory of $3,255 and paid $1,200 to transport goods to customers and $670 delivery to suppliers for goods delivered to him. What is the value of Matt's purchases in the year? A.$25,295 B.$22,755 C.$23,955 D.$24,625 Question 5: 15.22 You are an accounts assistant at Cuppa Supplies, a company that sells cups and mugs. The following is an extract from a sales invoice raised by the bookkeeper in your company to a customer, Oasis Caf. Invoice No: 3242 Date: 31 October 20X6 Description Qty Unit Price Net amt Coffee cups 200 5.00 Sales Value Sales Tax Amt payable 1,000.00 1,000.00 0.00 1,000.00 A discount of 5% of the full price applies if payment is made within 7 days. If you pay within 7 days, the discounted price is: 950.00 Senior management at your company do not expect Oasis Caf to take advantage of the discount. However, you receive a payment from Oasis Caf on 3 November 20X6. You are asked to make the entries required to record BOTH of these transactions