Use the Information Given Below to Answer the Following Questions

question 21

Multiple Choice

Use the information given below to answer the following questions:
Gum Ltd maintains subsidiary ledgers for debtors and creditors. At 1 July 2011, debtors owed $4000, and $7200 was owing to creditors. Transactions for year ended 30 June 2012 were as follows:
$$\begin{array} { l r } \text { }&\$\\\text { Credit sales } & 14000 \\\text { Cash sales } & 3000 \\\text { Credit purchases } & 23000 \\\text { Cash purchases } & 1500 \\\text { Cash received from debtors } & 11000 \\\text { Cash paid to creditors } & 25000\end{array}$$
-What was the balance of the debtors control account at 30 June 2012?

• A) $3000
• B) $7000
• C) $10 000
• D) $14 000.

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Definitions:

Plutonium

A radioactive chemical element used as fuel in nuclear power plants and in the manufacture of nuclear weapons.

Nitrogen

A chemical element with symbol N and atomic number 7, making up 78% of the Earth's atmosphere by volume; it is a vital component of amino acids, proteins, and nucleic acids.

Sodium

A chemical element with the symbol Na, known for its role in nerve transmission and fluid balance in the human body.

Water

is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main component of Earth's streams, lakes, and oceans, and the fluids of most living organisms.