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Calculator On June 1, the cash account balance was $96,750. During June, cash receipts totaled $305,000...
On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and...
On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cash payments totaled $375,880. Determine the cash balance on January 1.
On June 1, the cash account balance was $91,410. During June, cash receipts totaled $342,620 and...
On June 1, the cash account balance was $91,410. During June, cash receipts totaled $342,620 and the June 30 balance was $65,740. Determine the cash payments made during June.
Use the following information: Beginning cash balance on March 1, $80,000. Cash receipts from sales, $305,000....
Use the following information:
Beginning cash balance on March 1, $80,000.
Cash receipts from sales, $305,000.
Budgeted cash payments for direct materials, $133,000.
Budgeted cash payments for direct labor, $79,000.
Other budgeted cash expenses, $37,000.
Cash repayment of bank loan, $13,000.
Prepare a cash budget for the month ended on March 31 for Gado
Company. The budget should show expected cash receipts and cash
payments for the month of March and the balance expected on March
31.
GADO COMPANY Cash...
Account Balances a. During February, $78,310 was paid to creditors on account, and purchases on account...
Account Balances a. During February, $78,310 was paid to creditors on account, and purchases on account were $100,240. Assuming that the February 28 balance of Accounts Payable was $33,670, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $46,000. During October, $400,200 was collected from customers on account. Assuming that the October 31 balance was $52,900, determine the fees billed to customers on account during October. $ c. On April 1,...
Account Balances a. During February, $85,240 was paid to creditors on account, and purchases on account...
Account Balances a. During February, $85,240 was paid to creditors on account, and purchases on account were $109,110. Assuming that the February 28 balance of Accounts Payable was $36,650, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $34,700. During October, $301,900 was collected from customers on account. Assuming that the October 31 balance was $39,900, determine the fees billed to customers on account during October. $ c. On April 1,...
Account Balances b. During February, $84,080 was paid to creditors on account, and purchases on account...
Account Balances b. During February, $84,080 was paid to creditors on account, and purchases on account were $107,620. Assuming the February 28 balance of Accounts Payable was $36,150, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $28,200. During October, $245,300 was collected from customers on account. Assuming the October 31 balance was $32,400, determine the fees billed to customers on account during October On April 1, the cash account balance was...
The cash account of Sheffield Co. showed a ledger balance of $14,104.26 on June 30, 2020....
The cash account of Sheffield Co. showed a ledger balance of $14,104.26 on June 30, 2020. The bank statement as of that date showed a balance of $14,940. Upon comparing the statement with the cash records, the following facts were determined. 1. There were bank service charges for June of $90. 2. A bank memo stated that Bao Dai’s note for $4,320 and interest of $129.60 had been collected on June 29, and the bank had made a charge of...
Question 5 The cash account of Sarasota Co showed a ledger balance of $15,663.40 on June...
Question 5 The cash account of Sarasota Co showed a ledger balance of $15,663.40 on June 30, 2017. The bank statements of that date showed a balance of $16.600.00. Upon comparing the statement with the cash records, the following facts were determined 1. 2. 3. 4. 5. 6. 7. There were bank service charges for June of $100.00 A bank memo stated that Bao Dai's note for $4,200.00 and interest of $144.00 haban collected o n 29. and the bank...
The cash account of Metlock Co. showed a ledger balance of $9,426.84 on June 30, 2017....
The cash account of Metlock Co. showed a ledger balance of $9,426.84 on June 30, 2017. The bank statement as of that date showed a balance of $9,960.00. Upon comparing the statement with the cash records, the following facts were determined. 1. 3. 4. 5. 6. 7. There were bank service charges for June of $60.00. A bank memo stated that Bao Dai's note for $2,880.00 and interest of $86.40 had been collected on June 29, and the bank had...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts are deposited in a night depository each evening after banking $9,293.11 pts The accounting records indicate the following summary data for cash recei ments for June: Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $3,943.50 28,971.60 28,388.85 Comparing the bank statement and the accompanying canceled checks and memos w the records reveals the following...
On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cash payments totaled $375,880. Determine the cash balance on January 1.
On June 1, the cash account balance was $91,410. During June, cash receipts totaled $342,620 and the June 30 balance was $65,740. Determine the cash payments made during June.
Use the following information:
Beginning cash balance on March 1, $80,000.
Cash receipts from sales, $305,000.
Budgeted cash payments for direct materials, $133,000.
Budgeted cash payments for direct labor, $79,000.
Other budgeted cash expenses, $37,000.
Cash repayment of bank loan, $13,000.
Prepare a cash budget for the month ended on March 31 for Gado
Company. The budget should show expected cash receipts and cash
payments for the month of March and the balance expected on March
31.
GADO COMPANY Cash...
Account Balances b. During February, $84,080 was paid to creditors on account, and purchases on account were $107,620. Assuming the February 28 balance of Accounts Payable was $36,150, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $28,200. During October, $245,300 was collected from customers on account. Assuming the October 31 balance was $32,400, determine the fees billed to customers on account during October On April 1, the cash account balance was...
Question 5 The cash account of Sarasota Co showed a ledger balance of $15,663.40 on June 30, 2017. The bank statements of that date showed a balance of $16.600.00. Upon comparing the statement with the cash records, the following facts were determined 1. 2. 3. 4. 5. 6. 7. There were bank service charges for June of $100.00 A bank memo stated that Bao Dai's note for $4,200.00 and interest of $144.00 haban collected o n 29. and the bank...
The cash account of Metlock Co. showed a ledger balance of $9,426.84 on June 30, 2017. The bank statement as of that date showed a balance of $9,960.00. Upon comparing the statement with the cash records, the following facts were determined. 1. 3. 4. 5. 6. 7. There were bank service charges for June of $60.00. A bank memo stated that Bao Dai's note for $2,880.00 and interest of $86.40 had been collected on June 29, and the bank had...
The bank statement for Urethane Company for June 30 indicates a balance of All cash receipts are deposited in a night depository each evening after banking $9,293.11 pts The accounting records indicate the following summary data for cash recei ments for June: Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $3,943.50 28,971.60 28,388.85 Comparing the bank statement and the accompanying canceled checks and memos w the records reveals the following...
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