Accrual profit 1 During the accounting period, Green Limited received $ XXXXXXXXXXfrom sales and paid out $ XXXXXXXXXXin wages and other expenses. However, an extra $ XXXXXXXXXXworth of sales were...

Accrual profit 1 During the accounting period, Green Limited received $750 000 from sales and paid out $580 000 in wages and other expenses. However, an extra $260 000 worth of sales were made during the year but the cash has not been collected yet. The company also owes $240 000 for various expenses. What is the accrual profit? 2 Green Limited purchased 3000 items for $5 each on credit and sells 2000 of these items on credit for $8. What is the sales revenue and cost of goods sold for the period?