3. The Bayern is a trader in honey sticks. The firm operates with a mark-up of 20%. Recent heavy rains partially damaged the stock of honey. The following details were available a. Data at start of the period Opening stock Debtors Creditors b. Transactions recorded during the period Payments to credit suppliers Cash purchases Receipts from credit customers Bad debts written off Cash sales Discounts allowed Discount received Stock taken for personal use Data at close of the period Debtors Creditors Stock salvaged 34,000 47,350 22,250 32,000 42,050 27,000 3,750 83,000 2,600 3,200 8,000 21,000 20,000 13,350

3. The Bayern is a trader in honcy sticks. The firm operates with a mark-up of 20%. Recent heavy rains partially damaged the stock of honey. The following details were available a. Data at start of the period b. Transactions recorded during the period