Answer : 62,000
explanation
Cash receipt including$10,000 owner investment =$43,400
Cash disbursement =$24,800
Closing balance = $80,600
Add cash disbursement: 24,800
Less cash receipt. $43,400
Opening balance. $62,000
View Policies Current Attempt in Progress In 2022, Pharoah Company had cash receipts of $43400, including...
Current Attempt in Progress In 2022, Bramble Corp. had cash receipts of $54880 and cash disbursements of $31360. Bramble's cash balance at December 31, 2022 was $76440. What was Bramble's January 1, 2022 cash balance? O $52920 O $99960 O $68600 O $107800 View Policies Current Attempt in Progress In 2022, Sheridan Company had cash receipts of $29400, including additional owner investments of $10,000, and cash disbursements of $16800. Sheridan Company purchased equipment of $12,000 on account. Sheridan's cash balance...
uring February 2022 its first month of operations, the owner of Pharoah Company invested cash of $124000 Pharosh had cash sales of $24800 and paid expenses of $43400. Assuming no other transactions mpacted the cash account, what is the balance in Cash at February 28, 2022 $80600 credit $148800 debit $18600 credit 5105400 debit
Pharoah Company provided the following information for the month of August: Beginning cash balance Cash receipts Cash disbursements $ 7300 548900 523100 Pharoah borrowed $13000 and repaid $17000 during the month. How much will Pharoah's report on its budgeted balance sheet at August 31 for cash? O $29100 O $33100 O $25800 O $21800
Question 2 of 8 < - / 10 lli View Policies Current Attempt in Progress Cullumber Company has the following cash budget information available for the month of August: Beginning cash balance $123,000 Cash receipts from sales and collections on account 22.000 Collection of note receivable and interest 8,300 Cash disbursements for operating expenses 97.000 If the company has a policy of maintaining an end of the month cash balance of $113.000, determine the amount the company would have to...
View Policies Current Attempt in Progress At January 1, 2022, Sheffield Corp. reported Retained Earnings of $371000. During 2022, Sheffield had a net loss of $79500 and paid dividends to the stockholders of $53000. At December 31, 2022, the balance in Retained Earnings is O $291500 debit O $318000 credit O $371000 debit. O $238500 credit. Save for Later Attempts: 0 of 1 used Submit Answer
Question 4 of 5 -/1 View Policies Current Attempt in Progress Pharoah Corporation loaned $550000 to another corporation on December 1, 2020 and received a 3-manth, 9% interest-bearing note with a face value of $550000. What adjusting entry should Pharoah make on December 31, 2020? Debit Cash and credit Interest Receivable, $12375. O Debit Casi and credit Interest Revenue, $4125. Debit Interest Receivable and credit Interest Revenue, $12375. Debit Inarest Receivable and credit Interest Revenue $4125 Save for Later Attempts:...
View Policies Current Attempt in Progress On June 1, 2018, Marigold Inc. reported a cash balance of $13400. During June, Marigold made deposits of $5010 and made disbursements totalling $15700. What is the cash balance at the end of June? $2710 credit balance $18410 debit balance $2300 credit balance $2710 debit balance Save for Later Attempts: 0 of 1 used Submit Answer esc a 2 3 4 5
- / 1 ili View Policies Current Attempt in Progress Baxter Company's worksheet had the following balances: Income Statement columns, debit of $37.000 and credit of $49,000 and Balance Sheet columns, debit of $85,000 and credit of $73,000. The net income or net loss for the period is O $12,000 net loss. O not determinable from the information O $12.000 net income. O $49,000 net income. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress In the first month of operations, the total of the debit entries to the cash account amounted to $1120 and the total of the credit entries to the cash account amounted to $750. The cash account has a(n) O $370 credit balance. 0 $750 credit balance. O $1120 debit balance. O $370 debit balance. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress Sheridan Company acquires equipment at a cost of $44.100 on January 3, 2021. Management estimates the equipment will have a residual value of $6,300 at the end of its 4-year useful life. Assume that the company uses the diminishing-balance method and that the diminishing-balance depreciation rate is double the straight-line rate. Calculate the depreciation expense for each year of the equipment's life. Do not leave any answer field blank. Enter o for amounts.) Depreciation...