Grant Corp. had the following journal entries during the month. dr. Cash 600 cr. Common Stock...
Grant Corp. had the following journal entries during the month.
| dr. | Cash | 600 | ||
| cr. | Common Stock | 600 | ||
| dr. | Equipment | 600 | ||
| cr. | Cash | 200 | ||
| cr. | Loans Payable | 400 | ||
| dr. | Supplies | 50 | ||
| cr. | Accounts Payable | 50 | ||
| dr. | Salary Expense | 75 | ||
| cr. | Salary Payable | 75 | ||
| dr. | Utilities Expense | 15 | ||
| cr. | Cash | 15 | ||
| dr. | Cash | 350 | ||
| dr. | Accounts Receivable | 450 | ||
| cr. | Service Revenue | 800 | ||
| dr. | Accounts Payable | 30 | ||
| cr. | Cash | 30 | ||
| dr. | Cash | 250 | ||
| cr. | Accounts Receivable | 250 | ||
| dr. | Dividends | 10 | ||
| cr. | Cash | 10 |
If Grant started the month with $80 of accounts receivable, what is the company's amount of accounts receivable at the end of the month?
Homework Answers
Opening accounts receivable = $ 80
+Accounts receivable for supplies revenue = $ 450
-Cash received against Accounts receivable= $ 250 Closing accounts receivable=(80 +450 -250) = $280
Add Answer to:
Grant Corp. had the following journal entries during the
month.
dr.
Cash
600
cr.
Common Stock...
If Grant started the month with $0 cash, what is the company's amount of cash at...
If Grant started the month with $0 cash, what is the company's
amount of cash at the end of the month?
dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash 30 dr. Cash 250...
If Grant started the month with $80 of accounts receivable, what is the company's amount of...
If Grant started the month with $80 of accounts receivable, what
is the company's amount of accounts receivable at the end of the
month?
dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash...
If Grant started the month with $20 of accounts payable, what is the company's amount of...
If Grant started the month with $20 of accounts payable, what is
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dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash...
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If Grant started the month with $80 of accounts receivable, what
is the company's amount of accounts receivable at the end of the
month?
dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash...
If Grant started the month with $20 of accounts payable, what is
the company's amount of accounts payable at the end of the
month?
dr. Cash 600 cr. Common Stock 600 dr. Equipment 600 cr. Cash 200 cr. Loans Payable 400 dr. Supplies 50 cr. Accounts Payable 50 dr. Salary Expense 75 cr. Salary Payable 75 dr. Utilities Expense 15 cr. Cash 15 dr. Cash 350 dr. Accounts Receivable 450 cr. Service Revenue 800 dr. Accounts Payable 30 cr. Cash...
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