Question: Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers

Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers

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 Trade payables, 1 July 20X5 Cash received from customers Cash paid to suppliers Discounts allowed Discounts received Contra between payables and receivables ledgers Trade receivables, 30 June 20X6 Trade payables, 30 June 20X6 $ 130,000 60,000 686,400 302,800 1,400 2,960 2,000 181,000 84,000 What figure should appear for purchases in Annie's income statement for the year ended 30 June 20X6? A $325,840 B $330,200 C $331,760 D $327,760

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