The following transactions occurred during April 2015 in Sion, Inc.'s operations: 1. Salaries Expense for the month
Question:
1. Salaries Expense for the month of April was $4,600. Sion made a monthly payment to employees on the fifteenth of the month.
2. Sales on account were $8,270.
3. The Cash, Accounts Receivable, and Salaries Payable beginning and ending balances were:
Requirements
1. What was the amount paid for salaries in April?
2. What was the amount received from customers in April?
3. What do (1) and (3) represent?
4. What was the Cash ending balance?
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Related Book For
Financial Accounting
ISBN: 978-0133375534
2nd Canadian edition
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
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