Calculate accrual net profit from various accounts West Sonoma Ltd has just finished its 2019 financial year. From the following data, calculate net profit. $ Collections from credit customers during...

Calculate accrual net profit from various accounts West Sonoma Ltd has just finished its 2019 financial year. From the following data, calculate net profit. $ Collections from credit customers during 2019 174 320 Accounts receivable, end of 2018 11 380 Accounts receivable, end of 2019 9 440 Allowance for doubtful debts, end of 2018 2 990 Allowance for doubtful debts, end of 2019 1 130 Bad debts written off during 2019 520 Payments to suppliers and employees during 2019 165 690 Accounts and wages payable, end of 2018 12 770 Accounts and wages payable, end of 2019 13 350 Inventory of unsold goods, end of 2018 21 340 Inventory of unsold goods, end of 2019 24 650 Bank loan, end of 2019 24 000 The loan was taken out a month before the end of 2019 at an interest rate of 8 per cent. No interest has yet been paid, before tax, for 2019.



May 26, 2022
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