1 During the year ended 30 June 2022, French Horn Ltd made cash sales of $100 000, credit sales of

$200 000 ($40 000 of which were still to be collected at year-end), and received $28 000 owing from credit sales, which occurred in May 2021. What is French Horn’s sales revenue for the year ended 30 June 2022?

2 Also during the year ended 30 June 2022, French Horn paid $60 000 and owed $10 000 in employee wages. Of the $60 000 paid, $5000 related to wages payable as at 30 June 2021. What is the total of French Horn’s accrual accounting expenses?

3 What is French Horn’s accrual accounting profit for the year ended 30 June 2022?