02 The owner, Billy Bong, increased his capital by deposifing R30 000, 00 directly into the Received cash from R Roxy's in settlement of his debt as on 1 March; issued receipt no 002. Transactions for March 2020 business's current bank account: receipt no. 001 was issued. 06 Cash sales of goods according to cash register roll, R3 200,00. 13 Received cash from L Lizzy for R3 530 00 in part settlement of the amount owed on 1 March 202O; issued receipt no. 003. 18 Sold goods on credit to R Roxy, R16 830.00: issued invoice no. 654. 23 Received cash from R Roxy in settiement of all his debt to date, receipt no. 004. 29 Credit sales of goods to L Lizzy, R7 450.00: issued invoice no. 655. DJ3 Debtors journal of Billabong Traders- March 2020 Sales Cost of sales Details Fol Doc No

Prepare ram account from the following transaction

Which one of the following statements is true concerning the company’s accounts receivable as of December 31? see the attached screenshot for options

On January 1, 2021, the general ledger of Big Blest Fireworks includes the following account balances: Accounts Cash Debit Credit $ 23,300 48, e00 Accounts Receivable Allowance for Uncollectible Accounts $ 4, See Inventory Land 37,800 72,108 Accounts Payable Notes Payable (6%, due in 3 years) Comnon Stack 28,9ee 37,000 63, 0e0 Retained Earnings 39,0e0 Totals $172,400 $172,48e The $37,000 beginning balance of inventory consists of 370 units, eoch costing $100. During Janusry 2021, Big Blast Fireworks had the following inventory transections: January 3 Purchase 1,6e0 units for $168,80e on account ($18s cach). January 8 Purchase 1,78e units for $187,000 on account ($11e cach). January 12 Purchase 1,8e0 units for $287, B0e on account ($115 cach). January 15 Return 135 of the units purchased on 3anuary 12 because of defcects. January 19 sell 5,280 units on account for $788,eee. The cost of the units sold is deternined using a FIFO perpetual inventory systen. January 22 Receive $753, eee…

Question:  How much is the total cash received from the financing of receivables?  Round off to the nearest whole number.

1. Tranvia Company revealed the following information on December 31, 2020:Cash in checking account 350,000Cash in money market account 750,000Treasury bill, purchased November 1, 2020maturing January 31, 2021 3,500,000Time deposit purchased December 1, 2020maturing March 31, 2021 4,000,000 What amount should be reported as cash and cash equivalents on December 31, 2020? 2. Affable Company provided the following information at year-end comprising the cashaccount:Cash in bank – demand deposit 5,000,000Cash on hand 400,000Postage stamps unused 5,000Certificate of time deposit 1,500,000Money order 50,000Manager check 100,000Traveler check 1,000,000Postdated customer check 500,000 What total amount should be reported as cash at year end? 3. Thor Company provided the following data on December 31, 2020:Checkbook balance 4,000,000Bank statement balance 5,000,000Check drawn on Thor’s account, payable to supplier,dated and recorded on December 31, 2020 but notmailed until January 31, 2021…

Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle?  Item                        Beginning                 EndingInventory                    $9,338              $11,550Accounts Receivable    5,670                  6,947Accounts Payable         7,689                  9,625 Net Sales   $82,544Cost of Goods Sold  $58,638 a. 28 daysb. 39 daysc. 65 daysd. 93 days

Question: Presented below is the information for Skysong Company. Beginning of the year Accounts Receivable balance was $23600. Net sales (all on account) for the year were $103100. Skysong does not offer cash discounts. Collections on accounts receivable during the year were $90300. Skysong is planning to factor some accounts receivables at the end of the year. Accounts totaling $14100 will be transfered to Credit Factors, Inc with recourse. Credit Factor will retain 7% of the balances for probable adjustments and assesses a finance charge of 6%. The fair value of the recourse obligation is $1021. Prepare the journal entry to record the sale of the receivables. Compute Skysongs accounts receivable turnover for the year, assuming the receivables are sold.

On January 1, 2021, the general ledger of Big Blest Fireworks includes the following account balances: Accounts Debit Credit Cash $ 23, 308 Accounts Receivable Allowance for Uncollectible Accounts 48, B00 $ 4, 580 Inventory Land Accounts Payable Notes Payable (6%, due in 3 years) 37, e00 72,100 28,980 37,000 Comnon Stack Retained Earnings 63, eee 39,eee Totals $172,400 $172,400 The $37,000 beginning belance of inventory consists of 370 units, each costing S100. During Janusry 2021, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,68e units for 168,088 on account ($10s cach). January 8 Purchase 1,78e units for $187, 880 on account ($110 cach). January 12 Purchase 1,88e units for $287,000 on account ($115 cach). January 15 Return 135 of the units purchased on 3anuary 12 because of defccts. January 19 Sell 5,2ee units on account for $788,8ee. The cost of the units sold is deternined using a FIFO perpetual inventory systen. January 22 Receive $753, eee…

Tyrell Co. entered into the following transactions involving short-term liabilities.  Purchased $35,000 of merchandise on credit from Locust, terms n/30.   Replaced the April 20 account payable to Locust with a 90-day, 8%, $35,000 note payable along with paying $0 in cash.   Borrowed $66,000 cash from NBR Bank by signing a 120-day, 12%, $66,000 note payable. Paid the amount due on the note to Locust at the maturity date.   Paid the amount due on the note to NBR Bank at the maturity date.   Borrowed $36,000 cash from Fargo Bank by signing a 60-day, 8%, $36,000 note payable.   Recorded an adjusting entry for accrued interest on the note to Fargo Bank.   Paid the amount due on the note to Fargo Bank at the maturity date. Prepare journal entries for all the preceding transactions and events.