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Wally World, a tax-preparation service, had a cash balance of $154,700 as of June 1, 2021. During the month of June, Wally World had the
Wally World, a tax-preparation service, had a cash balance of $154,700 as of June 1, 2021. During the month of June, Wally World had the following transactions. Billed $496,000 in revenues on credit Received $164,000 from customers accounts receivable Incurred expenses of $194,000 but only paid $87,700 cash for these expenses Prepaid $32,200 for computer services to be used next month What was the companys cash balance on June 30, 2021
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