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The financial year of The Better Trading Company ended on 30 November 2017. You have been asked to prepace a Total Accounts Receivabie Acecont and

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The financial year of The Better Trading Company ended on 30 November 2017. You have been asked to prepace a Total Accounts Receivabie Acecont and a Total Accounts Payable Account in order to prodece end-of-year figures for Aocounts Receivable and Accounts Payable for the draft finat accounts. You are able to obtain the following intorenation tor the financial year from the books of ohginal entry: According to the audited financial statements for the previous year accounts receivable and accounts payable as at 1 Decenber 2017 were $30, soo and 550,450 respectively. Draw up the relevant Control Accounts entering end-of-year totals for accounts raceivable and accounts payable: Recuired: [20 marks] The financial year of The Better Trading Company ended on 30 November 2017. You have been asked to prepace a Total Accounts Receivabie Acecont and a Total Accounts Payable Account in order to prodece end-of-year figures for Aocounts Receivable and Accounts Payable for the draft finat accounts. You are able to obtain the following intorenation tor the financial year from the books of ohginal entry: According to the audited financial statements for the previous year accounts receivable and accounts payable as at 1 Decenber 2017 were $30, soo and 550,450 respectively. Draw up the relevant Control Accounts entering end-of-year totals for accounts raceivable and accounts payable: Recuired: [20 marks]

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