Question 4 25 points Sarah Ltd has extracted an initial trial balance and has calculated a draft loss for the year ended 31 December 20X9 of 12,100. The following matters need to be corrected: t (1) Machinery costing 4,800 was purchased on 1 November 20X9 but has not yet been included in the accounting records. Depreciation is calculated over 10 years on the straight line basis. (2) The allowance for doubtful debts has been incorrectly recorded as 300 instead of 1,300. (3) A cash sale for 400, which has not yet been banked, has been incorrectly recorded as a credit sale. What is Sarah Ltd's adjusted loss for the year after taking account of the above matters? A 11,020 B 13,180 C 13,580 D 13,020 Question 2 25 points The following information relates to Amdep Ltd's year ended 31 December 20X5. Cash received from debtors 22,490 Contra with supplier on purchase ledger who is also a customer 910 Increase in allowance for receivables 600 Debtors at 1 January 20X5 7,290 Debtors at 31 December 20X5 7,350 What figure for sales should be recorded in Amden Ltd's profit and loss account for the year ended 31 December 20X5? A 22,550 B 24,500 C 23,310 D 21,520