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Question 1 (34 marks) The following information relates to Alpine Equestrian Centre as at 30th June 2014: $ Cash at Bank 357,000 Accounts Receivable 266,800 Inventory (as at 1/7/2013) 175,000 Inventory (as at 30th June 2014) 167,000 Motor Vehicles (at cost, purchased 1/7/2013) 182,000 Office Equipment (at cost, purchased 1/1/2014) 15,000 Accounts Payable 68,500 Selling expenses 6,500 Sales Returns 10,700 Purchases 15,500 Fees income 200,000 Interest income 50,000 Sales 127,500 Fi ...

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Tags: Australia  Victoria  Accounting Accounting Accounting for Managers  Monash University ACC1000 Accounting for Managers 


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