Question
What is the balance of cash at October 31, 2020, knowing that the opening balance is $13,200? * $15,900 $10,400 $ 2,700 None of the
What is the balance of cash at October 31, 2020, knowing that the opening balance is $13,200? * $15,900 $10,400 $ 2,700 None of the options .... What is the balance of Accounts Receivable at October 31, 2020? * $8,000 $10,000 $2,000 None of the options .... What is the account with a debit balance of $3,000 at October 31, 2020? * Equipment Owners drawings Supplies None of the options ..... What is the account with a debit balance of $15,000 at October 31, 2020? * Car Owners drawings Supplies None of the options ..... What is the balance of Accounts Payable at October 31, 2020? * $5,000 $7,500 $12,500 None of the options ...... What is the balance of the owners Capital at October 31, 2020? * $8,000 $12,200 $10,400 None of the options
Below are the journal entries of Nay Company for the month of October 2020 General Journal Date Account Title and Explanation Ref. Debit Credit 17,500 Oct 2 Cash Service Revenue 17,500 5,000 Oct 3 Equipment Accounts Payable 5,000 2,200 Oct 4 Cash Uneamed Service Revenue 2,200 3,000 Oct 5 Supplies Cash 3,000 10,000 Oct 15 Accounts Receivable Service Revenue 10,000 Decoration Expense Cash 5,000 Oct 20 5,000 1,000 Oct 25 Owner's Drawings Cash 1,000 8,000 Oct 31 Salaries Expense Cash 8,000 During the month, the company also purchased a new car for $15,000 which was paid half cash and half on account, and collected $2,000 of ! accounts receivable. The trial balance of the company at the end of the month: Nay Company Trial Balance October 31, 2020 Accounts Debit Credit Cash $?? Accounts Receivable ?? ?? 3,000 15,000 ?? 5,000 $?? 2,200 ?? Equipment Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Decoration Expense Salaries Expense 1,000 27,500 5,000 8,000 Total $?? SStep 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