The following are the year end balances in a business' ledgers: Sales 628,000 Cost of sales 458,000 General overheads 138,000 Trade Payables 54,000 Trade Receivables ? Cash 61,000 Capital 86,000 If the trial balance balances, what is the missing figure for trade receivables?

The following are the year end balances in a business' ledgers: Sales 628,000 Cost of sales 458,000 General overheads 138,000 Trade Payables 54,000 Trade Receivables ? Cash 61,000 Capital 86,000 If the trial balance balances, what is the missing figure for trade receivables?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following are the year end balances in a business' ledgers:
Sales
628,000
Cost of sales
458,000
General overheads 138,000
Trade Payables
54,000
Trade Receivables ?
Cash
61,000
Capital
86,000
If the trial balance balances, what is the missing figure for trade receivables?
$111,000
B $233,000
$61,000
$387,000

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