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You are given the following information to do with Adams Hotel. $ Receivables at 1st January 2015 10,000 Receivables at 31st December 2015 9,000 Total

You are given the following information to do with Adams Hotel. $ Receivables at 1st January 2015 10,000 Receivables at 31st December 2015 9,000 Total Receipts during the year( including cash sales of $5,000) 85,000

Required

a)Prepare the Receivables account and balance it off?

b)From the Receivables account, what is the figure for sales on credit during the year?

c)How much is the closing balance on this account?

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