Given the following data: a. Determine the cash receipts for April based on the following data: Cash payments during April Cash account balance, April 1 Cash account balance, April 30 $40,380 3,030 7,630 b. Determine the cash received from customers on account. Accounts receivable account balance, April 1 Accounts receivable account balance, April 30 Fees billed to customers during April $11,380 7,870 28,160

Given the following data: a. Determine the cash receipts for April based on the following data: Cash payments during April Cash account balance, April 1 Cash account balance, April 30 $40,380 3,030 7,630 b. Determine the cash received from customers on account. Accounts receivable account balance, April 1 Accounts receivable account balance, April 30 Fees billed to customers during April $11,380 7,870 28,160

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following extract from the cash book of Jon for the month of January shows thecompany’s bank transactions:RM RM01 Jan Balance b/f 600 18 Jan Ali 14513 Jan Uno 224 28 Jan PBA 7231 Jan Latif 186 30 Jan TNB 10931 Jan Balance c/f 6841,010 1,010…3/-3The company’s bank statement for the same period is as follows:Debit (RM) Credit (RM) Balance (RM)01 Jan Balance 63503 Jan Halim 35 60013 Jan Uno 224 82423 Jan Ali 145 67931 Jan Standing order 30 649Required:a. Prepare a corrected cash book using the information given above b. Draw up a bank reconciliation statement.
Hi, How do I calculate this using the direct method? Thanks
What is the amount of cash receipts per book in December? Chris Company presented the following bank reconciliation for the month of November: Balance per bank statement, November 30 Add: Deposit in Transit Less: Outstanding checks Bank credit recorded in error Balance per book, November 30 1,200,000 200,000 Data per bank statement for the month of December follow: December deposits, including note collected of 1,000,000 for Chris December disbursements, including NSF customer check 350,000 & service charge 50,000 3,600,000 800,000 4,400,000 1,400,000 3,000,000 5,500,000 4,400,000 1 point All items that were outstanding on November 30 cleared through the bank in December, including the bank credit. In addition, checks amounting to 500,000 were outstanding and deposits of 700,000 were in transit on December 31.
Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. с NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e Check printing charges, $30. Interest earned on checking account, $12. Adjusted cash balance per books $
The actual cash received during the week ended June 7 for cash sales was $18,921, and the amount indicated by the cash register total was $18,903. Journalize the entry for cash receipts and cash sales for the week. If an amount box does not require an entry, leave it blank. June 7
Subject - account Please help me. Thankyou
The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Present entries to record the transactions for each of the two days of cash receipts from sales. a. Actual cash in cash register, $5,154; cash receipts per cash register tally, $5,170. b. Actual cash in cash register, $4,339; cash receipts per cash register tally, $4,228. If an amount box does not require an entry, leave it blank. a. Cash 5,154 Cash Short and Over 13 Sales 5,170 b. Cash 4,339 Cash Short and Over 4,228 Sales Previous Next
The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Present entries to record the transactions for each of the two days of cash receipts from sales. a. Actual cash in cash register, $5,757; cash receipts per cash register tally, $5,780. b. Actual cash in cash register, $5,601; cash receipts per cash register tally, $5,488. If an amount box does not require an entry, leave it blank. a. b. Accounts Payable Accounts Receivable Cash Sales Sales Discounts
Entry for cash sales; cash over The actual cash received from cash sales was $315,280, and the amountindicated by the cash register total was $315, 150. Journalize the entry torecord the cash receipts and cash sales.
Prepare the bank reconciliation for april and the journal entries that should be made as a result of the bank reconciliation. What should the cash account be after recording the journal entries?
Based on the information in the worksheet, Calculate: February Deposits in Transit: Date Amount February Outstanding Checks: Check # Amount
Based on the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. Date Change Fund Cash Register Receipt Amount Actual Cash Counted General Journal June 1 $100 $330.00 $433.00 GENERAL JOURNAL 8 100 297.00 400.00 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 15 100 233.00 331.00 22 100 302.00 396.50 2 29 100 316.00 412.00 3 Required: Prepare the weekly entries for cash receipts from service fees and cash short and over. 5 6 7 8 1,