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Required information [The following information applies to the questions displayed below.j The following summarized Cash T-account reflects the total debits and total credits to the
Required information [The following information applies to the questions displayed below.j The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017. Cash Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowin $ 121,200 1,413,192 490,618 282,638 191,981 399,960 1,989,134 2,010,466 341,299 442,622 191,981 5, 332,800 Payments for inventory 1, 866,480 Payments for wages 1,973,136 Payments for rent 629,270 Payments for interest 1,370,530 Payments for taxes 2,309,102 Payments for machinery Payments for long-term investments Payments for note payable Payments for dividends Payments for treasury stock Balance, Dec. 31, 2017
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