Access Bakery Pty Ltd began a new business on the 1st May 2022 and had the...
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Access Bakery Pty Ltd began a new business on the 1st May 2022 and had the following transactions for the week 1st May - 7th May 2022. May 1st Owner deposited $10,000 into business bank account 2nd Purchased stock on credit for $2,200 (including GST) 3rd Paid cash for supplies $4,000 (GST free) 4th Customer cash sales received $1,500 5th Paid $1,000 for stock purchased on the 2nd May 6th Received an electricity bill for $200 7th Paid wages of $350 What is the balance of the bank account on the 7th May 2022 $4,350 $3,650 $3,750 $6,150 Access Bakery Pty Ltd began a new business on the 1st May 2022 and had the following transactions for the week 1st May - 7th May 2022. May 1st Owner deposited $10,000 into business bank account 2nd Purchased stock on credit for $2,200 (including GST) 3rd Paid cash for supplies $4,000 (GST free) 4th Customer cash sales received $1,500 5th Paid $1,000 for stock purchased on the 2nd May 6th Received an electricity bill for $200 7th Paid wages of $350 What is the balance of the bank account on the 7th May 2022 $4,350 $3,650 $3,750 $6,150
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The balance of the bank account on the 7th May 2022 is 3650 CALC... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
Posted Date:
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