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QUESTION 22 The Caccount for Duisburg Company had a beginning balance of 48,000 on Jun 1. During the month, Duisburg received cash payments from its

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QUESTION 22 The Caccount for Duisburg Company had a beginning balance of 48,000 on Jun 1. During the month, Duisburg received cash payments from its customen of 22,000 and made cash payments of 8,000 for expenses. In addition, Duisburg paid 6,000 for accounts payable of the previous month. What is the cash balance of Duisburg after all these transactions? 62,000 56,000 0 70.000 648,000 QUESTION 24 If Shinto provided services worth $10,000 today on account, then the journal entry today will include O debit to service revenue debit to account receivable O credit to account payable credit to cash QUESTION 25 A company balances on Dec 31, 2017 are as follows: Total Assets = $320,000; Liabilities - $150,000; Share Capital - 100,000; Retained Earnings S170,000. If the retained earnings balance on Jan 1, 2017 was $90,000, and the company earned a Net Income of $85,000, how much of Dividends did the company pay during the current yeur? 0 $160,000 $120,000 $30,000 $3,000

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