Accounting help please explain Annie is a sole trader who does not keep full accounting records The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6 $ Trade receivables, 1 July 20X5 130,000 Trade payables, 1 July 20X5 60,000 Cash received from customers 686,400 Cash paid to suppliers 302,800 Discounts allowed 1,400 Discounts received 2,960 Contra between payables and receivables ledger 2,000 Trade receivables, 30 June 20X6 181,000 Trade payables, 30 June 20X6 84,000 What figure should appear in Annie's statement of profit or loss for the year ended 30 June 20X6 for purchases

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Question: Accounting help. please explain Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit

Accounting help. please explain

Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6.

	$
Trade receivables, 1 July 20X5	130,000
Trade payables, 1 July 20X5	60,000
Cash received from customers	686,400
Cash paid to suppliers	302,800
Discounts allowed	1,400
Discounts received	2,960
Contra between payables and receivables ledger	2,000
Trade receivables, 30 June 20X6	181,000
Trade payables, 30 June 20X6	84,000

What figure should appear in Annie's statement of profit or loss for the year ended 30 June 20X6 for purchases?

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