Question
. Exam.-6 During April, XYZ Company had the following cash transactions. Date 2 10 17 21 27 Transactions Purchased merchandise, $1,200 Paid salaries $3,100
. Exam.-6 During April, XYZ Company had the following cash transactions. Date 2 10 17 21 27 Transactions Purchased merchandise, $1,200 Paid salaries $3,100 Sold merchandise $1,500 Received $2,500 for settlement of an account receivable Bought $1,500 worth of equipment On 1 April, the beginning balance of XYZ Company's cash account was $7,300 on debit side. Calculate the amount of the ending balance of XYZ Company's cash account on 30 April. a. b. C. d. $5,500 of credit balance $2,100 of debit balance $5,500 of debit balance $9,900 of debit balance Exam.-7 and Exam. 8 are based on the following. On 1 November 2018, ABC Company bought $3,000 worth of office supplies for its own use on account and debited an asset account. On 31 December 2018, $1,200 of office supplies remained unused. ABC Company uses "Office supplies as a title of the assets account and "Office supplies expense as a title of the expense account for office supplies. The balance of the office supplies account was zero on 31 October 2019.
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