FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The balance of cash on 1/4/2021 is 71000 JD. The following transactions took place during the month: the company provided services for 12000 JD of

image text in transcribed
The balance of cash on 1/4/2021 is 71000 JD. The following transactions took place during the month: the company provided services for 12000 JD of which 2000 JD was on account, the company paid utilities expenses for 9000 JD and supplies for 5000 JD, purchased equipment for 12000 JD on account. The company paid 3000 dividends. Compute cash balance at end of month. Select one: a. 64000 b. 65000 c. 66000 d. 67000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Audit A Complete Guide

Management Audit A Complete Guide

Authors: Gerardus Blokdyk

2020 Edition

0655905413, 978-0655905417

More Books

Students also viewed these Accounting questions

Question

★★★★★
Describe how employer sponsored retirement plans work in general.

Answered: 1 week ago

Question

★★★★★
A company desires to sell a sufficient quantity of products to earn a profit of $420000. If the unit sales price is $16, unit variable cost is $12, and total fixed costs are $800000, how many units...

Answered: 1 week ago

Question

★★★★★
24. Consider three urns, one colored red, one white, and one blue. The red urn contains 1 red and 4 blue balls; the white urn contains 3 white balls, 2 red balls, and 2 blue balls; the blue urn...

Answered: 1 week ago

Question

★★★★★
Poole Corporation has collected the following information after its first year of sales. Net sales were $1,600,000 on 100,000 units; selling expenses $240,000 (40% variable and 60% fixed); direct...

Answered: 1 week ago

Question

★★★★★
The balance of cash on 1/4/2021 is 71000 JD. The following transactions took place during the month: the company provided services for 12000 JD of which 2000 JD was on account, the company paid...

Answered: 1 week ago

Question

★★★★★
On September 30, 2016, the San Filipo Corporation issued 8% stated rate bonds with a face amount of $260 million. The bonds mature on September 30, 2036 (20 years). The market rate of interest for...

Answered: 1 week ago

Question

★★★★★
M/s Suba Pharmaceuticals has imported a machinery on 1st July, 2012 for `1,60,000 paid custom duty and freight `80,000 and incurred erection charges ` 60,000. Another local machinery costing...

Answered: 1 week ago

Question

★★★★★
Question 5 a) Departments A, B, C, and D need to be assigned to four rooms 1, 2, 3, and 4. These rooms are arranged in a row, in that order, with 20 meters between each. The departmental workflows...

Answered: 1 week ago

Question

★★★★★
Bob Jonas is a single parent who has been divorced for two years and who provides a home for his 10-year old dependent son. What filing status should Bob use? Select one: a. Married Filing Separate...

Answered: 1 week ago

Question

★★★★★
1. A rigid container contains saturated water at a pressure of 2 bar and a quality of 0.64. The water undergoes a process in which it is heated to a final temperature of 540C. Determine the final...

Answered: 1 week ago

Question

★★★★★
You and two other workers witness two trucks collide on a construction site. One driver is injured and requires first aid. You have no training in applying first aid but know there is a trained first...

Answered: 1 week ago

Question

★★★★★
(Appendices) Select a commonly used product, such as gasoline or milk, and track the prices of this product over a 20-year period by creating a line graph. Explain price increases and decreases based...

Answered: 1 week ago

Question

★★★★★
(Appendices) ADJUSTING ENTRY AND PREPARATION OF FINANCIAL STATEMENTS. Michaels Hardware has the following unadjusted trial balance at the end of 19x3: The following data are also available for...

Answered: 1 week ago

Question

★★★★★
(Appendices) PRESENTATION OF SALES REVENUE AND COST OF GOODS SOLD. The accountant for Sneva, Inc., collected the following data for 19x: LO3 REQUIRED: Assume that Sneva uses the periodic system and...

Answered: 1 week ago

Previous Question Next Question