ILLUSTRATION 14. Sandra leyoun mak Corporation sells Computers on Hire-purchase basis at cost plus 25%. Terms of sales are 5,000 as down payment and 10 month 2,500 for each computer. From the following particulars, prepare Hire-purchase Trading Mc for the year 2014-15 As on 1st April, 2014 last instalment on 20 computers was outstanding as this was not due upto the end of previous yeai.. During 2014-15, the firm sold 120 computers. As on 31st March, 2015 the position ofinstalments outstanding was as under: 4 Instalments on 4 computers and Last Instalment on 9 Computers 6 Instalments on 50 Computers, 4 Instalments on 20 Computers and Last Instalment on 40 Computers. Instalments due but not collected Instalments not yet due Two Computers on which 8 instalments were due and one instalment not yet due on 31-3-2015, had to be repossessed. Repossessed stock is valued at 50% of cost. All other instalments have beep received