AutoSave On 20- final paper - Saved - O Search Ibrahim Bukhari 1B File Home Insert Design Layout References Mailings Review View Help Share Comments X Calibri (Rody) 12 A A Aa A ALI BIU# X X ADA . Emphasis T Heading 1 T Normal Find Replace Select Paste Editor Reuse Dictate T body te... Strong Files Clipboard Font . Paragraph Styles Editing Voir Editor Reusc Filcs You are provided with the following information: Sales for the year $100 000 Discounts provided during the year to customers for early payment Doubtful debts expense for the year Opening balance of accounts receivable $10 000 $5 000 $90 000 $80 000 $9000 S8 DOC Closing balance of accounts receivable Opening balance of the provision for doubtful debts Closing balance of the provision for doubtful debts Cost of goods sold for the year Purchases for the year (on credit terms) Discounts received for early payment to suppliers Stock write-offs owing to water damage caused by melting ice in $60 000 $80 000 $2000 $5000 the Antarctic Opening balance of trade creditors $10 000 Closing balance of trade creditors $35 000 Opening balance of inventory $10 000 $25 000 Closing balance of inventory Required: (a) Calculate the cash receipts from customers during the year. (3.5 marks) (b) Calculate the cash payments to suppliers during the year. (3.5 marks) ANSWER (a): J'. 8:07 AM H Type here to search O . la 4 ENG 17/06/2021