Calculate the trade receivables in the financial statements

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Reference no: EM132972213

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 798 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 197 and they sold 199 skateboards at a sales price of 1,785 EUR. In general clients get 2 months credit to pay for their skateboard. 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.

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

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

Reference no: EM132972213

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