What is amy profit for the year ended december

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Reference no: EM132538365

Question 1: winn LTD has opening trade payable of $24183 and closing trade payables of $34 ,655.purchases for the period totalled $254192($31590 relating to cash purchases).Total payments recorded in the payables ledger for the period were.

A. $212130

B.$233074

C.$243720

D.$264664

Question 2: A sole trader had opening capital of $10000 and closing capital of $4500. During the period,the owner introduced capital of $ 4000 and withdrew$8000 for her own use. Her profit or loss during the period was

A.$9500 loss

B.$1500 loss

C.$7500 profit

D.$ 7500 profit

Question 3: Amy is a sole trader and had assets of $569400 and liabilities of $412840 on 1 January 2018. During the year ended 31 December 2018 she paid $65000 capital into the business and she paid herself wages of $800 per month .At 31 December 2018 ,Amy had assets of $614130 and liabilities of $369770.

What is Amy's profit for the year ended 31 December 2018?

A.$32400

B.$23600

C.22800

D.87800

Reference no: EM132538365

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