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What the net cash flow from these transactions for the month

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Reference no: EM132883139

Problem 1: During the month of June, the company made cash sales of $26,000 (excluding GST) and cash purchases of $34,000 (excluding GST). All sales and purchases were subject to 10% GST. The net cash flow from these transactions for the month was:

Select one:

a. $8,800 outflow
b. $7,273 outflow
c. $8,000 outflow
d. $7,200 outflow

Reference no: EM132883139

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