Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wrigley Ltd. uses subsidiary ledgers for debtors and creditors. At 1 July 2018 debtors owed $7000 and $4000 was owing to creditors. Transactions for year

image text in transcribed
image text in transcribed
Wrigley Ltd. uses subsidiary ledgers for debtors and creditors. At 1 July 2018 debtors owed $7000 and $4000 was owing to creditors. Transactions for year ended 30 June 2019 were as follows: $ Cash purchases Credit purchases Cash sales Credit sales Cash paid to creditors Cash received from debtors Discount received from creditors Discount allowed to debtors 6000 11 000 15 000 20 000 9 000 18 000 500 700 Answer 2 questions below by selecting answers from the drop-down menus below. Each question awards 1.5 marks. What was the balance of the Creditors control account at 30 June 2019? $5 500 $11500 balance of the Debtors control account at 30 June 2019? $1,500 $6 500 Wrigley Ltd. uses subsidiary ledgers for debtors and creditors. At 1 July 2018 debtors owed $7000 and $4000 was owing to creditor Transactions for year ended 30 June 2019 were as follows: Question 41 Not yet answered Marked out of 3.00 Flag question Cash purchases Credit purchases Cash sales Credit sales Cash paid to creditors Cash received from debtors Discount received from creditors Discount allowed to debtors 6000 11 000 15 000 20 000 9 000 18 000 500 700 Answer 2 questions below by selecting answers from the drop-down menus below. Each question awards 1.5 marks. What was the balance of the creditors control account at 30 June 2019? What was the balance of the Debtors control account at 30 June 2019? $21 300 $9 700 None of the options are correct $8 300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: James Stewart

8th edition

978-1285741550

Students also viewed these Accounting questions

Question

What does stickiest refer to in regard to social media

Answered: 1 week ago