Question: some help please Phillipo Hardware Ltd suffered a major fire recently and lost some of the accounting records. Some information was retrieved or reconstructed and
Phillipo Hardware Ltd suffered a major fire recently and lost some of the accounting records. Some information was retrieved or reconstructed and this is provided below: Machinery & equipment Wages prepaid Commission prepaid Buildings Creditors 30-Sep-2018 18,936,000 1,805,500 454,650 41,971,200 2,002,500 30-Sep-2019 15,780,000 1,570,000 649,500 34,976,000 2,670,000 CR DR 5,870,000 3,560.000 Cashbook summary Transaction details Received payments from credit customers Proceeds on disposal of building Loan payment Payments to credit suppliers Commission received Purchased equipment Refunds from creditors Wages paid 95,000 7,354,000 215,000 2,654 000 395.000 4,960,000 Based on the information provided what is credit purchases for 2019 $8.021.500 b. 58.126.500 c 58.389.150 d $7.626.500
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