Sallys financial year ends on 31 October. On 1 November 204 her trade receivables owed $5,840. During
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Sally’s financial year ends on 31 October. On 1 November 20–4 her trade receivables owed $5,840. During the year ended 31 October 20–5 she received $66,640 from trade receivables, after allowing cash discount of $1,360. Sales returns during the year totalled $2,430. On 31 October 20–5 the trade receivables owed $6,760.
How much were the credit sales?
A. $65,490
B. $69,510
C. $69,990
D. $71,350
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Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
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