The balances at the end of each year are as follows: December 31, 2019 December 31,2020 $ $ Inventory 41,000 48,500 Trade receivables 29,300 35,750 Prepaid rent 500 600 Fixtures (net) 20,000 19,000 Trade payables 19,500 19,000 Debit card receivables 1,325 750 Required: d. Prepare the Debit Card Receivables Account

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The balances at the end of
each year are as follows:
December 31, 2019 December
31,2020
$ $
Inventory 41,000 48,500
Trade receivables 29,300
35,750
Prepaid rent 500 600
Fixtures (net) 20,000 19,000
Trade payables 19,500 19,000
Debit card receivables 1,325
750
Required:
d. Prepare the Debit Card
Receivables Account
Transcribed Image Text:The balances at the end of each year are as follows: December 31, 2019 December 31,2020 $ $ Inventory 41,000 48,500 Trade receivables 29,300 35,750 Prepaid rent 500 600 Fixtures (net) 20,000 19,000 Trade payables 19,500 19,000 Debit card receivables 1,325 750 Required: d. Prepare the Debit Card Receivables Account
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