Question
How much cash did the business spend during the month? 1. Purchased office supplies for $2,400 in cash. 2. Clients paid a total of $23,000
How much cash did the business spend during the month?
1.Purchased office supplies for $2,400 in cash.
2.Clients paid a total of $23,000 cash in fees.
3.Paid the current month's office rent of $4,400.
4.Completed professional counseling, billed client for $3,400.
5.Client paid fee of $1,400 for weekly counseling, previously billed.
6.Paid office salaries of $4,000.
7.Paid telephone bill of $520.
8.Billed client for $2,400 fee for preparing a counseling evaluation.
9.Purchased office supplies of $1,040 on account.
10.Paid office salaries of $4,000.
11.Collected $2,400 from client who was billed.
12.Clients paid a total of $8,500 cash in fees.
Step by Step Solution
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