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Calculate the trade payables in the financial statements

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Reference no: EM132972133

Problem 1: Calculate the TRADE PAYABLES in the financial statements at the closing year of the year 2019.

OneWheel XR Ltd is selling electric skateboards in Brussels for two years now, and it is a great success. OneWheel XR Ltd is buying the skateboards from a production company (the supplier) for 982 EUR for 1 board. At the beginning of the year 2019 OneWheel XR Ltd had 18 skateboards in stock, and during the year 2019 they bought 196 and they sold 197 skateboards at a sales price of 1.482 EUR. In general clients get 2 months credit to pay for their skaterboard. 4 clients bought a skateboard on credit in 2018 but only paid their skateboard in 2019. From the supplier (the production company) they have obtained 2 month credit, so we pay 2 months after we each purchase.

Notice: assume a year has 360 days and each months has 30 days.

Reference no: EM132972133

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