The following T-account is a summary of the cash account of Amy’s Candied Apples. LO3 Cash (Summary Form)
Balance, 1/1/04 8,000 Receipts from customers 364,000 Payments for goods 200,000 Dividends on stock investments 6,000 Payments for operating expenses 140,000 Proceeds from sale of equipment 36,000 Interest paid 10,000 Proceeds from issuance of bonds Taxes paid 8,000 payable 200,000 Dividends paid 45,000 Balance, 12/31/04 211,000