Question

using thé data provided below, calculate Terry's cash surplus/deficit? Salaries Cash on hand Coin collection Home value Stock portfolio Grocery expense Mortgage balance Mortgage loan payments made Tokyo vacation expense paid Income taxes paid-to-date Interest earned $5,800 $ 4,500 $3,100 $1,500 66,400 Credit Card Balance $1,500 Utilities paid to date $8,600 $8,450 $8,500 $14,300 $34,900 53,200 $1,750 11,500 6,600 $5,200 $2,200 2,350 Jewelry value 235,000 Auto loan balance 18,500 1982 Firebird value 7550 Checking account $208,600 Propert taxes owed $19,500 Student loan balance $6,700 Auto loan payments paid 9,100 Clothing/entertainment expense 400 Insurance premiums paid

Answer 1

the cash balance of the given firm is $1500 only.

the remaining entries shown the other sources and classification of expenses and incomes for the given period.

Hence, option D is correct answer.