Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed...
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Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2018, debtors owed $4 000, and creditors were owed $7 200. Transactions for year ended 30 June 2019 were as follows:
|
| $ |
| Credit sales | 14 000 |
| Cash sales | 3000 |
| Credit purchases | 23 000 |
| Cash purchases | 1 500 |
| Cash received from debtors | 11 000 |
| Cash paid to creditors | 25 000 |
What was the balance of the debtors control account at 30 June 2019?
Select one:
a. $3 000
b. $14 000
c. $10 000
d. $7 000
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