Question
The following financial information relates to Frankston Ltd: 2019 ($000) Accounts Payable 200 2020 ($000) 190 2019 ($000) Accrued salaries 22 2020 ($000) 18 2019
The following financial information relates to Frankston Ltd:
2019
($000)
Accounts Payable
200
2020
($000)
190
2019
($000)
Accrued salaries
22
2020
($000)
18
2019
($000)
Bad debts expense
25
2020
($000)
30
2019
($000)
Depreciation
10
2020
($000)
15
2019
($000)
Salaries
30
2020
($000)
25
2019
($000)
Inventory
180
2020
($000)
160
2019
($000)
Cost of goods sold
130
2020
($000)
110
2019
($000)
Required
Calculate the cash payments to suppliers and employees. Show all workings.
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Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
6th Canadian edition
013257084X, 1846589207, 978-0132570848
