1.D&G Inn has experienced several transactions on April 1 as follows a.Cash received from cash sales...
1.D&G Inn has experienced several transactions on April 1 as follows
a.Cash received from cash sales totaling $1750.20
b.Cash paid to CRA for payroll taxes equalled $2430.00
c.Cheque #8752 written to BC Hydro for $2419.22
d.Sales on account equaled to $3690.00
e.Insurance refund of $180.26 received
f.Cheque deposited to chequing account totaling $5100.00
g.Food supplies totaling $942.15 were purchased on account
Required:
Determine the balance of the cash account by end of April 1. Assuming a cash balance of $6700 on March 31
Homework Answers
| Beginning cash balance | 6700 |
| Add: Cash received from cash sales | 1750.2 |
| Less:.Cash paid to CRA for payroll taxes | -2430 |
| Add: .Insurance refund | 180.26 |
| Less: Cheque written #8752 | -2419.22 |
| Add: .Cheque deposited to chequing account | 5100 |
| Ending cash balance | 8881.24 |
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1.D&G Inn has experienced several transactions on April 1 as
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