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  3. in may 2022 window traders entered into the follow

In May 2022 Window Traders entered into the following transaction: \table[[Inventory on hand...

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Question

Accounting

In May 2022 Window Traders entered into the following transaction:
\table[[Inventory on hand at 1 May 2022,R16000],[Goods purchased for cash,R40000],[Goods sold for cash,],[Goods purchased for R 3250 were returned,],[Inventory on hand at 31 May 2022,000],[Sales to the value of R 1500 were returned,],[A total amount of R 950 was charged as freight on purchases,]]
Required:
Talculate the cost of sales and gross profit amounts for the month ending 31 May 2022.
ANSWERS:
Net sales:
Cost of sales:
Gross profit:
Give only the amount without any brackets, spaces, a minus, or the "R" e.g.20000
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