Duffee Co. had cash receipts of $4,200 and paid out $1,500 for expenses during the month of August. On August 31, the company reported a cash balance of $7,800. What was Duffee Co.'s cash balance on August 1?
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What was duffee co.'s cash balance on august 1?
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- Forest Company had the following transactions during the month of December. What is the December 31 cash balance?What is the accounts receivable balance?For the month of December, the records of ABC Corporation show the following information: Gross sales – 120,000; Cash received on accounts receivable - P 70,000; Cash sales - 60,000; Accounts Receivable, December 1 - 160,000; Accounts Receivable written off as uncollectible - 2,000. The corporation uses the direct write-off method in accounting for uncollectible accounts receivable. What is the balance of accounts receivable as of December 31?
- Bailey Co earns $27,792 of revenue on account and in $6,256 cash revenue transactions in Year 1. Cash collections of receivables amount to $7,152 in Year 1 with the remainder being collected in Year 2. Based on this information alone the company’s financial statements would show Total Revenue in Year 1 of $_What are the gross sales for this general accounting question?What are the gross sales for the month of December on these accounting question?
- On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. Please provide answer this general accounting question?Corentine Co. had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on account during October were $281,000. Determine how much cash was paid on accounts payable during October. On September 30, Valerian Co. had a $102,500 balance in Accounts Receivable. During October, the company collected $102,890 from its credit customers. The October 31 balance in Accounts Receivable was $89,000. Determine the amount of sales on account that occurred in October. During October, Alameda Company had $102,500 of cash receipts and $103,150 of cash disbursements. The October 31 Cash balance was $18,600. Determine how much cash the company had at the close of business on September 30. Corentine Co. had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total purchases on account during October were $281,000. Determine how much cash was paid on accounts payable during October.Use the information in each of the following separate cases to calculate the unknown amount.
- Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Co. had $153,000 of accounts payable on September 30 and $133,000 on October 31. Total purchases on account during October were $282,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $103,000 balance in Accounts Receivable. During October, the company collected $103,390 from its credit customers. The October 31 balance in Accounts Receivable was $90,000. Determine the amount of sales on account that occurred in October. c. During October, Alameda Company had $103,500 of cash receipts and $104,150 of cash disbursements. The October 31 Cash balance was $19,100. Determine how much cash the company had at the close of business on September 30. Complete this question by entering your answers in the tabs below. Required A Required B Required C Corentine Co. had $153,000 of accounts payable on September 30 and $133,000 on…What was the number of credit sales during December on this general accounting question?The companys balance sheet showed an accounts receivble balance of $80,000 at the begininng of the year and $47,000 at the end of the year. The company reported $720,000 in credit sales for the year. What was the amount of cash collected on account receivables durig the year