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Use the following information for questions 3-5. A summary of the entries in the Cash account of JoyRide Ltd for the month of January was
Use the following information for questions 3-5. A summary of the entries in the Cash account of JoyRide Ltd for the month of January was as follows: $ Cash from accounts receivable 40 000 Cash sales 25 000 Dividends received 10 000 Cash from issue of shares 60 000 Payments to accounts payable 30 000 Payments for wages 15 000 Purchase of land 20 000 Payment of dividends 20 000 Purchase of plant 45 000 3.
What were the payments to suppliers and employees of JoyRide Ltd? A. $45 000 B. $55 000 C. $80 000 D. None of the above
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