Question
These are the following records of a company January 1 Cash 186000 Accounts Receivable 201000 Merchandise Inventory 159000 Accounts Payable 159000 December 31 Accounts Receivable
These are the following records of a company
January 1
Cash 186000
Accounts Receivable 201000
Merchandise Inventory 159000
Accounts Payable 159000
December 31
Accounts Receivable 273000
Merchandise Inventory 234000
Accounts Payable 144000
Total sales are 2394000
COGS are 1749000
All sales and purchases were made on credit
Operating Expenses 321000 are paid on cash
What is the cash balance on December 31?
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
