21. The profit made by a business in 20X2 was $55,500. The proprietor injected an additional new capital of $15,000 during the year and withdrawn a monthly salary of $700. If net assets at the end of 20X2 were 100,200, what was the proprietors capital at the beginning of the year?

a. $63,900 b. $126,300 c. $38,100 d. $45,500 22.

The balance of Chhengs payables ledger control account is $43,554. Chheng has discovered that she has not recorded the following:

(i) A discount of 75 received from supplier; and (ii) A suppliers receipt for $ 750. What amount should be reported for payables on Chhengs statement of financial position?

a. $44,229 b. $42,879 c. $42,804 d. $43,479 23.

During May 20X2, Cheas purchases were $126,000, and her sales were $145,000. Cheas gross profit was 20% of sales. The value of her inventory at 1st May was $12,500. What was the value of Cheas inventory at 31st of May 20X2.

a. $11,000 b. $14,000 c. $22,500 d. $19,000

It is VERY Urgent