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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