Forest Company had the following transactions during the month of December. What is the December 31 cash balance?  Cash sales $3,250, Payments for inventory $1,760, Investments by owners $3,000, Supplies used$ 175, Cash withdrawals $260, Inventory received $2,500, Wages paid $2,390, Cash balance as of Dec. 1 $4,250.

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Q: View the data below and then answer the question below: Company Name: WaitRose Sales - $2,100 (20%…

A: Net credit sales = Sales x credit sales %              = 2,100 x 80%              = 1,680

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A:

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A: The answer is as fallows

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A: Calculate accounts receivable turnover:

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Q: The financial statements of the Windsor, Inc. report net sales of $372000 and accounts receivable of…

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.