From the following transactions for BlackJade Company, find the required balances for the month ended November 2020. The chart of accounts includes: 2 - BlackJade invested Php290,000 cash and Php150,000 worth of office equipment 2 - Paid rent for three months in advance, Php30,000. 4 - Purchased office equipment on account, Php50,000. 6 - Bought office supplies for cash, Php4,000. 8 - Collected Php95,000 for services rendered. 14 - Provided Php65,000 worth of services to clients who will not pay until next month. 16 - Paid salaries, Php30,000. 18 - Advertising bill for Php7,000 was received but will not be paid until next month. Compute the amount of CASH based on foregoing transactions. 288,000 351,000 281,000 321,000
From the following transactions for BlackJade Company, find the required balances for the month ended November 2020. The chart of accounts includes: 2 - BlackJade invested Php290,000 cash and Php150,000 worth of office equipment 2 - Paid rent for three months in advance, Php30,000. 4 - Purchased office equipment on account, Php50,000. 6 - Bought office supplies for cash, Php4,000. 8 - Collected Php95,000 for services rendered. 14 - Provided Php65,000 worth of services to clients who will not pay until next month. 16 - Paid salaries, Php30,000. 18 - Advertising bill for Php7,000 was received but will not be paid until next month. Compute the amount of CASH based on foregoing transactions. 288,000 351,000 281,000 321,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following transactions for BlackJade Company, find the required balances for the month ended November 2020. The chart of accounts includes: 2 - BlackJade invested Php290,000 cash and Php150,000 worth of office equipment 2 - Paid rent for three months in advance, Php30,000. 4 - Purchased office equipment on account, Php50,000. 6 - Bought office supplies for cash, Php4,000. 8 - Collected Php95,000 for services rendered. 14 - Provided Php65,000 worth of services to clients who will not pay until next month. 16 - Paid salaries, Php30,000. 18 - Advertising bill for Php7,000 was received but will not be paid until next month. Compute the amount of CASH based on foregoing transactions.
288,000
351,000
281,000
321,000
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