Question
The Balance Sheets of TEXANS, INC. at the beginning and end of September are: September 1September 30Cash$25$10Receivables from customers2025Prepaid expenses1510Other assets2535$85$80Payables for expenses$15$20Unearned revenues205Common Stock2730Retained
The Balance Sheets ofTEXANS, INC.at the beginning and end of September are:
September 1September 30Cash$25$10Receivables from customers2025Prepaid expenses1510Other assets2535$85$80Payables for expenses$15$20Unearned revenues205Common Stock2730Retained earnings2325$85$80
During the month of September, expenses were $25 and TEXANS paid a Dividend of $1.
Required:
a. Income for September was
$Answer
b.Revenues earned during September were
$Answer
c.Cash received from customers during September was
$Answer
d.Cash paid for expenses during September was
$Answer
e.Total cash received (from all sources) during September was
$Answer
f.Total cash paid (for all purposes) during September was
$Answer
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