John Rees has the following information for the six months 1 July to 31 December. (a) Opening
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John Rees has the following information for the six months 1 July to 31 December.
(a) Opening cash balance 1 July £8,600
(b) Sales at £25 per unit:
April May June July Aug. Sept. Oct. Nov. Dec.
Units 100 130 150 180 200 210 220 240 280 a
Debtors will pay two months after they have bought the goods. LO1
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