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?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...

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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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