Rosie Flower's business has a capital balance of £76600 on 1 June 20X3. During the month of June the following transactions take place. Inventories purchased on credit for £3000 Sale of goods for cash of £3600. The goods had cost £2100. Receipt of bill for petrol for the month of June of £1200 Cash received from credit customers of £1500 Rosie takes goods which had cost £670 out of the business for her own use Payment of credit suppliers of £2600 What is the balance on the business's capital account at 30 June 20X3?

Rosie Flower's business has a capital balance of £76600 on 1 June 20X3. During the month of June the following transactions take place. Inventories purchased on credit for £3000 Sale of goods for cash of £3600. The goods had cost £2100. Receipt of bill for petrol for the month of June of £1200 Cash received from credit customers of £1500 Rosie takes goods which had cost £670 out of the business for her own use Payment of credit suppliers of £2600 What is the balance on the business's capital account at 30 June 20X3?

Name: Rosie Flower's business has a capital balance of £76600 on 1 June 20X3
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Description: Rosie Flower's business has a capital balance of £76600 on 1 June 20X3. During the month of June the following transactions take place. Inventories purchased on credit for £3000 Sale of goods for cash of £3600. The goods had cost £2100. Receipt

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13RE: Kaseys Cake Shop made 20,000 in sales of wedding cakes in July. All of these sales were on bank...

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