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Survey of Accounting (Accounting I)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 2SEQ

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You are given the following information for Vuyo and Sons Plumbers:
R
Services rendered for cash
150 000
Services rendered on credit
105 000
Wages and salaries
125 000
Water and electricity
15 000
Credit losses
10 000
Interest paid on an unfavourable bank balance
1 000
Credit losses recovered
1.500
Stationery
12 500
Bank charges
1150
EFT for rent paid to WR Estate Agency
Interest earned on a 30 day fixed deposit
Total expenses for Vuyo and Sons Plumbers is....
22 500
5.000

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