20.12 Alpha is a sole trader who does not keep proper accounting records. Alpha's first year of trading was 20X4. From reviewing Alpha's bank statements and the incomplete records relating to cash maintained, the following summary has been compiled. Bank and cash summary, Alpha, 20X4 Cash received from credit customers and paid into the bank Expenses paid out of cash received from credit customers before banking Cash sales $4 381,600 6,800 112,900 enbnsW pew Other information, Alpha, 20X4 Irrecoverable debts written off 7,200 Closing balance of Trade receivables Which of the following correctly represents Alpha's sales figure for 20X4? $508,500 $112,900 $381,600 C
20.12 Alpha is a sole trader who does not keep proper accounting records. Alpha's first year of trading was 20X4. From reviewing Alpha's bank statements and the incomplete records relating to cash maintained, the following summary has been compiled. Bank and cash summary, Alpha, 20X4 Cash received from credit customers and paid into the bank Expenses paid out of cash received from credit customers before banking Cash sales $4 381,600 6,800 112,900 enbnsW pew Other information, Alpha, 20X4 Irrecoverable debts written off 7,200 Closing balance of Trade receivables Which of the following correctly represents Alpha's sales figure for 20X4? $508,500 $112,900 $381,600 C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Can you explain in detail why the answer is A please?
Transcribed Image Text:20.12 Alpha is a sole trader who does not keep proper accounting records.
Alpha's first year of trading was 20X4. From reviewing Alpha's bank statements and the incomplete
records relating to cash maintained, the following summary has been compiled.
Bank and cash summary, Alpha, 20X4
Cash received from credit customers and paid into the bank S
Expenses paid out of cash received from credit customers before banking
Cash sales
381,600
6,800
112,900
Other information, Alpha, 20X4
0.C7,200
Irrecoverable debts written off
Closing balance of Trade receivables
Which of the following correctly represents Alpha's sales figure for 20X4?
$508,500
$112,900
$381,600
A
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