Question

ons are worth 4 points, concept problems are worth 2 points. in taking the quiz, click on the Take the Quiz button. Question
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Given,

Opening cash balance= $40,000

Ending balance=$67,200

Cash paid during the year =$128,000

Amount of cash recived during the period= cash paid during the period+ ending balance - beginning cash balance

= $128,000+$67,200-$40,000

= $155,200.

____×____

Keep supporting us.

Add a comment
Know the answer?
Add Answer to:
ons are worth 4 points, concept problems are worth 2 points. in taking the quiz, click...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • my hilmiddleware%252 Quiz Submitted 2/10 Total points awar MC Qu. 4-211 Which of the following statements...

    my hilmiddleware%252 Quiz Submitted 2/10 Total points awar MC Qu. 4-211 Which of the following statements about the... Which of the following statements about the post-closing trial balance is correct? Multiple Choice The post-closing trial balance will be distributed to investors and other stakeholders along with the financial statements. The post-closing trial balance is an internal report prepared at the end of the accounting cycle. The post-closing trial balance is a report prepared before the adjustments and the financial statements...

  • Chapter 2 Homework - Problems Seved Help Save & CH 1 5 points Skipped The following...

    Chapter 2 Homework - Problems Seved Help Save & CH 1 5 points Skipped The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 5,000 Accounts receivable 2,000 Inventory 5,000 Equipment 11.000 Accumulated depreciation 3,500 Accounts payable 3,000 Common stock 10,000 Retained earnings Sales revenue Coat of goods sold Salaries expense Rent expense Advertising expense Totals 23,000 23,000 6,500 eBook 0 Print References The following transactions occurred during...

  • GRADING: Worth up to 15 points. Carefully READ the requirements on page 2 first. Partially completed...

    GRADING: Worth up to 15 points. Carefully READ the requirements on page 2 first. Partially completed problems will earn no credit-that means all requirements must be FULLY completed. All work must be completed by hand. If you complete all items as requested, you will earn at least 7.5 points. The remaining points are dependent upon the accuracy of your answers. Round amounts to the nearest dollar, if applicable. Jamukha Corporation prepares annual financial statements. The balance sheet at December 31,...

  • 5.00 points Great Adventures Problems 4-1 An examination of the cash activities during the year s...

    5.00 points Great Adventures Problems 4-1 An examination of the cash activities during the year shows the following GREAT ADVENTURES Cash Account Records July 1, 2018, to December 31, 2018 Deposits Checks/Debit Cards Date Desc. Amount Date No. Desc. S 25,000 71 10 nsurance Amount 5,280 1,700 340 2,400 740 33,600 11,200 8/24 DC Office supplies1,840 2,880 1,240 1.800 2,500 2,500 Stock sale 7/15 Clinic receipts 7/22 Clinic receipts 7130 Clinic receipts 8/1 Borrowing 8/10 Clinic receipts 8/17 Clinic receipts...

  • roject- Worth 22 points Saved Great Adventures Problem AP4-1 An examination of the cash activities during...

    roject- Worth 22 points Saved Great Adventures Problem AP4-1 An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Desc. Stock sale Cash Disbursements Desc. Insurance Date Check Amount Date Amount 7/1 7/15 7/22 $ 30,000 7/1 1,800 7/2 2,760 7/7 3,600 7/8 32,000 7/24 101 102 $5,040 1,600 320 clinic receipts clinic receipts Clinic receipts Borrowing clinic receipts clinic receipts clinic receipts Clinic...

  • mester Project - Worth 30 points Tony and Suzie graduate from college in May 2021 and...

    mester Project - Worth 30 points Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell...

  • I need help on the highlighted questiona. For questions 2,4, & 5 I need help with...

    I need help on the highlighted questiona. For questions 2,4, & 5 I need help with the step by step process to the answers. Thanks! what financial data do you need? i sent a photo of the assigment. The last photo is of a balance sheet and income statement QUESTIONS 1. Give as many reasons as you can why Moore's initial estimate of the value of the restaurant was inappropriate. 2. Calculate the current liquidation value of the business assuming...

  • Directions: The student will utilize Marjory Gordon’s Functional Health Patterns as a template for self-assessment. By...

    Directions: The student will utilize Marjory Gordon’s Functional Health Patterns as a template for self-assessment. By applying a theoretical model of change, the student will also identify a desired health-related goal for self and the process to achieve that goal. The student should not disclose any personal information that the student determines to be sensitive in nature and/or private or confidential. For example, the student should not disclose that he/she is taking a specific medication or consulting with health care...

  • This is all of the information I have: Now that you have reviewed information about Cover...

    This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...

  • This is all of the information I have: Now that you have reviewed information about Cover...

    This is all of the information I have: Now that you have reviewed information about Cover 2 Cover, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT