Question one : Please choose the correct 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 30 June 2016
Assets	$	$	Liabilities and Owners' Equity	$
Cash		190000	Accounts Payable	253000
Accounts Receivable		261000	Accrued Salaries	5200
Inventory		243000	Bank Loan	380000
Plant and Equipment	360000		Owners Capital	365800
Accum Depn	50000	310000
		1004000		1004000

Cash Receipts for the year ended 30 June 2017 were:
Cash Sales	613000
Receipts from accounts receivable	715000
Total Cash Receipts	1328000
Cash Payments for the year ended 30 June 2017 were:	1292000
Balances as at 30 June 2017 are:
Accounts Receiveable	272600
Accrued Salaries	2900
Additional Information for the year ending 30 June 2017
COGS	1115600
Total salaries paid	61000
Net Profit	145300
Owners introduced capital into the business	218500

A) What is the balance of Cash At Bank as at 30 June 2017?

Answer 1 Choose one -----------...58700 or 226000 or 726600 or 224000 or 729600

B) What is the salaries expense for the year ending 30 June 2017?

Answer 2Choose...58700 or 226000 or 726600 or 224000 or 729600

C) What is the Gross Profit for the year ending 30 June 2017?

Answer 3Choose one ...58700 or 226000 or 726600 or 224000 or 729600

C)What is the owners equity as at 30 June 2017?

Answer 4 Choose one ...58700 or 226000 or 726600 or 224000 or 729600

D)What is the total of credit sales for the Year Ended 30 June 2017?

Answer 5Choose...58700 or 226000 or 726600 or 224000 or 729600