Ending cash balance=Beginning cash balance+Cash receipts-Cash payments
65740=91410+342,620-Cash payments
Cash payments=91410+342,620-65740
which is equal to
=$368290
On June 1, the cash account balance was $91,410. During June, cash receipts totaled $342,620 and...
Calculator On June 1, the cash account balance was $96,750. During June, cash receipts totaled $305,000 and the June 30 balance was $75.880. Determine the cash payments made during June.
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.
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,...
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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 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 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...
Problem 1 The cash account of Aguilar Co. showed a ledger balance of $3,969.85 on June 30, 2017. The bank statement as of that date showed a balance of $4,150. Upon comparing the statement with the cash records, the following facts were determined. 1. There were bank service charges for June of $25. 2. A bank memo stated that Bao Dai's note for $1,200 and interest of $36 had been collected on June 29, and the bank had made a...