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The following information was extracted from the financial records of Pink Ltd. Additional information: 1. Pink Ltd uses the direct method of reporting cash flows

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The following information was extracted from the financial records of Pink Ltd. Additional information: 1. Pink Ltd uses the direct method of reporting cash flows from operating activities. The reconciliation note, as per FRS. 44NZ, is required. 2. The entity classifies interest expense paid and dividends paid as cash flows from operating activities. 3. Long-term borrowings of $1200 were repaid during the year ended 31 March 2022. 4. Plant and equipment items were purchased during the year at a total cost of $7620. 4. The GST rate is 15%. QUESTION 1 (ii) Complete the following General ledger accounts: Question 1 (ii) continued: nuestion 1 (ii) continued: The following information was extracted from the financial records of Pink Ltd. Additional information: 1. Pink Ltd uses the direct method of reporting cash flows from operating activities. The reconciliation note, as per FRS. 44NZ, is required. 2. The entity classifies interest expense paid and dividends paid as cash flows from operating activities. 3. Long-term borrowings of $1200 were repaid during the year ended 31 March 2022. 4. Plant and equipment items were purchased during the year at a total cost of $7620. 4. The GST rate is 15%. QUESTION 1 (ii) Complete the following General ledger accounts: Question 1 (ii) continued: nuestion 1 (ii) continued

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