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ntil The following information was prepared by a trainee accountant for Leste Co for Year 12. (Click here to view the information.) Examination of the underlying records revealed the following errors. . 1 Salaries owed of 20,000 at the year end had not been taken into account. 2. Insurance prepaid at the year end of 9,000 had been treated as an accrual. 3. Sales revenue included the sales proceeds from the disposal of a delivery van of 5,000 (which was also the residual value of the van). What is the operating profit for the year? (Type an integer.) VUZ GUZWeek 2 OPY The Camargue Retail Co produced a draft income statement for the most recent year which showed: 1. A gross profit for the year of 235,000. 2. An operating profit for the year of 106,000. 3. A profit for the year of 91,000. Subsequent checking of the underlying records revealed that the following errors occurred when preparing this financial statement 1. A depreciation charge for 8,400 has been charged to the income statement as 4,800. 2. Some closing inventories, valued at 20,000, had been omitted from the records. 3. A payment in advance received from a customer at the year end for 2,000 had been treated as a sale. Interest payable on a loan for the final quarter of the year for 3,500 had not been taken into account 4. (a) Gross profit = (Type an integer.) (b) Operating profit = (Type an integer.) (c) Profit for the year = (Type an integer.) d by a trainee accountant for Leste Co for Year 12. .) More info 1. Sales revenue 972,000 2 Interest payable 36.000 3 Salaries and wages 146,000 4. Heat and light 63,000 Telephone and postage 93.000 6 Insurance 42.000 7. Motor running expenses 74.000 8. Cost of sales 274.000 Print C ntil The following information was prepared by a trainee accountant for Leste Co for Year 12. (Click here to view the information.) Examination of the underlying records revealed the following errors. . 1 Salaries owed of 20,000 at the year end had not been taken into account. 2. Insurance prepaid at the year end of 9,000 had been treated as an accrual. 3. Sales revenue included the sales proceeds from the disposal of a delivery van of 5,000 (which was also the residual value of the van). What is the operating profit for the year? (Type an integer.) VUZ GUZWeek 2 OPY The Camargue Retail Co produced a draft income statement for the most recent year which showed: 1. A gross profit for the year of 235,000. 2. An operating profit for the year of 106,000. 3. A profit for the year of 91,000. Subsequent checking of the underlying records revealed that the following errors occurred when preparing this financial statement 1. A depreciation charge for 8,400 has been charged to the income statement as 4,800. 2. Some closing inventories, valued at 20,000, had been omitted from the records. 3. A payment in advance received from a customer at the year end for 2,000 had been treated as a sale. Interest payable on a loan for the final quarter of the year for 3,500 had not been taken into account 4. (a) Gross profit = (Type an integer.) (b) Operating profit = (Type an integer.) (c) Profit for the year = (Type an integer.) d by a trainee accountant for Leste Co for Year 12. .) More info 1. Sales revenue 972,000 2 Interest payable 36.000 3 Salaries and wages 146,000 4. Heat and light 63,000 Telephone and postage 93.000 6 Insurance 42.000 7. Motor running expenses 74.000 8. Cost of sales 274.000 Print C
