Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information match the question with one of the options. Each option must be used only once. Altitude Computers Balance Sheet as at

image text in transcribedimage text in transcribed

Given the following information match the question with one of the options. Each option must be used only once. Altitude Computers Balance Sheet as at 30 June 2016 Assets $ $ Liabilities and Owners' Equity Cash 190000 Accounts Payable Accounts Receivable 261000 Accrued Salaries Inventory 243000 Bank Loan Plant and Equipment 3600001 Owners Capital Accum Depn 50000 310000 1004000 $ 253000 5200 380000 365800 1004000 Cash Receipts for the year ended 30 June 2017 were: Cash Sales Receipts from accounts receivable Total Cash Receipts 613000 715000 1328000 Cash Payments for the year ended 30 June 2017 were: 1292000 Balances as at 30 June 2017 are: Accounts Receiveable Accrued Salaries 272600 2900 Additional Information for the year ending 30 June 2017 COGS Total salaries paid Net Profit Owners introduced capital into the business 1115600 61000 145300 218500 What is the total of credit sales for the Year Ended 30 June 2017? What is the salaries expense for the year ending 30 June 2017? Choose... 224000 729600 226000 58700 726600 What is the balance of Cash At Bank as at 30 June 2017? What is the Gross Profit for the year ending 30 June 2017? What is the owners equity as at 30 June 2017? Choose

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory Conceptual Issues In A Political And Economic Environment

Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki

7th Edition

1412953456, 978-1412953450

More Books

Students also viewed these Accounting questions

Question

3-27. General purpose:

Answered: 1 week ago