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Additional information: Delivery expense shown in the income statement is $25,000. At the end of the year the balance sheet shows prepaid delivery expense of
Additional information: Delivery expense shown in the income statement is $25,000. At the end of the year the balance sheet shows prepaid delivery expense of $35,000. There was a prepaid Delivery expense of $15,000 at the beginning of the year. Prepare the statement of Cash flows for the year ended 30th June, 2009 3. Fremantle Ltd provides you with the following information for the year starting at 1/07/2014 Cash sales Credit Sales for the year Discounts provided during the year Doubtful debts expense for the year Accounts receivable (SOP) Accounts receivable (EOP) Allowance for doubtful debts (SOP) Allowance for doubtful debts (EOP) Required a) Determine how much cash has been received from customers during the year. b) Construct the following ledger accounts for your answer $100,000 $400,000 10,000 5000 90000 80000 9000 8000 4. Rottnest Ltd has provided you with the following information Cost of goods sold for the year Purchases for the year (on credit terms) Discounts received for early payment to suppliers Stock write-offs owing to water damage caused by melting ice in the Antarctic Videu $60,000 80,000 2000 5000 Accounts payable (SOP) Accounts payable (EOP) Inventory (SOP). Inventory (EOP) 40,000 35,000 10,000 25,000 Required Assuming that accounts payable only relate to the purchase of inventory, you are to determine the cash payments made to suppliers during the year
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