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1.If the Johnson Company has the following opening account balances for individual debtors: $4 000, $5 000, $2 000; and cash received from debtors during
1.If the Johnson Company has the following opening account balances for individual debtors: $4 000, $5 000, $2 000; and cash received from debtors during the period amounted to $3 000, then the closing balance of the control account for accounts receivable is 2.Gojo Company purchased inventory with an invoice price of $2,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Gojo Company pays within the discount period? 3.Boss Ltd received its monthly bank statement showing a balance of $16 785 Cr at 30 June. On this date cash received from ratepayers and not yet deposited at the bank totalled $5784 and outstanding cheques were $322. The amount to appear as cash at bank on the 30 June balance sheet is
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