Question: DATE // (4 marks) Use the Calculate the information below the debtors May 2021: 00 Correct balance of account as at Si Amount owing
DATE // (4 marks) Use the Calculate the information below the debtors May 2021: 00 Correct balance of account as at Si Amount owing by debiors : 126 000. 2021 Total sales for 03 May the month (77.5% credit): 160 000 Cash received from debtors in settlement of accounts : 96 888 Discounts allowed debtors for prompt settlement of accounts: 3000 Merchandise returned by debtors: 8000 Additional information: An amount of 3920 received in settlement of debt of 4000 was not recorded in the cash receipts jour
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
