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The balances at the end of each year are as follows: December 31, 20 1 9 December 31, 20 20 $ $ Inventory 41,000 48,500
The balances at the end of each year are as follows: December 31, 2019 December 31,2020
$ $
Inventory 41,000 48,500
Trade receivables 29,300 35,750
Prepaid rent 500 600
Fixtures (net) 20,000 19,000
Trade payables 19,500 19,000
Debit card receivables 1,325 750
Required: d. Prepare the Debit Card Receivables Account
The balances at the end of each year are as follows:
December 31, 2019 December 31,2020$ $
Inventory 41,000 48,500
Trade receivables 29,300 35,750
Prepaid rent 500 600
Fixtures (net) 20,000 19,000
Trade payables 19,500 19,000
Debit card receivables 1,325 750
Required:
d. Prepare the Debit Card Receivables Account Step by Step Solution
There are 3 Steps involved in it
Step: 1
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