Mary-Anne owns a shop that sells jewellery. She does not know how to keep full accounting records. but is able to provide the folowing information for the year ended 31 December 2014.

Calculate the value of credit sales and credit purchases for the year.

Transcribed Image Text:

Amounts due from trade receivables at 16 200 1 January 2014 Amounts due from trade receivables at 15 900 31 December 2014 Cash received from credit customers during the year 81 400 Discounts allowed during the year 1600 Irecoverable debts 200 Returns inwards during the year 3 700 Amounts due to trade payables at 1 January 2014 Amounts due to trade payables at 28 100 23 500 31 December 2014 Cash paid to credit suppliers during the year 254 300 Discounts received during the year 13 400 Returns outwards during the year 42 200