Pele runs a soccer coaching school. During the year ended 30 June, coaching fees of $54 800 were received in cash. Fees due but not received or recorded at 30 June totalled $1000. Fees received in advance at 30 June totalled $800. Cash expenses paid during the year ended 30 June totalled
$32 000. Accrued expenses due but not paid at 30 June totalled $2850.
Correct Answer:
Verified
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