An organization is owed 50,000 by its trade debtors (receivables) and in relation to its credit sales on 31. During the year to 31.20X5, it makes…

An organization is owed £50,000 by its trade debtors (receivables) and in relation to its credit sales on 31.12.20X4. During the year to 31.12.20X5, it makes credit sales of £750,000. At 31.12.20X5, it is owed £125,000 by its trade debtors.

How much money did the organization receive from its trade debtors and in the year to 31.12.20X5? How will the above information affect the organization’s:

108000 Years 8 13500 After 5 67500 Less original 405001800054000 Debit Credit Cleaning Revenue 2,500 Wages Expense 700 Rent Expense 500 Supplies Expense 300 Insurance Expense 200 Utilities…

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