17.The SA. Sports does not keep double entry record and you have been appointed as accountant for the business and following information is available for the year ended 31 December 2020 There is 9840 in the cash till at the year end, but the you had discovered that some cash has been stolen. At the beginning of the year there was 8610 in the cash till and receivables were 4920 . Total sales for the year were 508,500. Receivables at the end of the year were 7380. Checque banked from credited sales were 243,540 and cash sales of 144,380. have been banked. Required: How much cash was stolen during the year?Required to answer. Single choice.

(2 Points)

None of above

508,500

126,740

116,900

26.The SA. Sports does not keep double entry record and you have been appointed as accountant for the business and following information is available for the year ended 31 December 2020 .

Opening accounts receivables 100,000

Cash received from credit customers and paid into the bank 700,000

Expenses paid out of cash received from credit customers before banking 6,000

Irrecoverable debts written off 5,000

Refunds to credit customers 2,000

Discounts allowed to credit customers 3,000

Cash Sales 80,000 Closing accounts receivables 80,000

Required: calculate the amount of credit sales for S.A Sports

(2 Points)

692,000

772,000

800,000

80,000