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What is the value of purchases for infinity dreams

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Question

1 The following information relates to Infinity Dreams for the month of September 2019:

Cost of goods sold during September 2019 $ = 24,819

Ending inventory 30 September 2019 $ = 3,188

Beginning inventory 1 September 2019 $ = 1,342

What is the value of purchases for Infinity Dreams for September 2019?

2 At the end of August, the Pinstripes accounting records showed a cash balance of $ = 44,828

When comparing the 31 August bank statement with Pinstripes- ' Cash account, the following differences were identified:

Deposits in transit $ = 4,765

Outstanding cheques $ = 19,220

Bank service charges $ = 243

Calculate the cash balance that is listed on the Pinstripes 31 August bank statement?

3 The following information is relevant to Redwood Furnishings for the month of April:

1 st April, the balance in the Accounts Receivable account was $ = 27,842

Collections from customers totalled $ = 15,117

Credit sales amounted to $ = 16,025

Bad debts written off Accounts Receivable $ = 1,314

Calculate the ending balance of Redwood Furnishings' Accounts Receivable at 30th April.

Reference no: EM132386175

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