Business, 30.11.2020 22:30 briarkaltvedt

3. Kriti provided the following information.
$
13 400 debit
120 credit
21 600
At 1 January 2014
Trade receivables balances
Inventory
For the year ended
31 December 2014
Cash sales
Credit sales
Bad debts written off
Receipts from credit customers
Discount allowed to credit customers
Contra with supplier's account
Cheque refund to a credit customer
44 400
165 600
2 800
155 010
4 560
1 300
90
At 1 January 2015 Trade receivables balances
7 debit
200 credit
28 800
Inventory
Mark up on goods sold 50%.
REQUIRED
(a) Calculate Kriti's purchases for the year.
***

Answers: 3

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3. Kriti provided the following information.
$
13 400 debit
120 credit
21 600

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