Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following information for questions 3-5. A summary of the entries in the Cash account of JoyRide Ltd for the month of January was
Use the following information for questions 3-5. A summary of the entries in the Cash account of JoyRide Ltd for the month of January was as follows:
$
Cash from accounts receivable 40 000
Cash sales 25 000 Dividends received 10 000
Cash from issue of shares 60 000
Payments to accounts payable 30 000
Payments for wages 15 000
Purchase of land 20 000
Payment of dividends 20 000
Purchase of plant 45 000 4.
What were the receipts from customers of JoyRide Ltd?
A. $25 000
B. $40 000
C. $65 000
D. None of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started