MonthSeptemberOctoberNovemberDecemberS 769,274S 550,986S 426,657$ 548,450S 561,478$ 464,969$ 451,273S 726,678Cash-inA/RTotal Cash InS 52,872S 293,288Cash-out$ 192,956S 85,302S 341,023S 219,070S 341,815$ 44,838A/PDepreciationTotal Cash-outCash? SOLVE ?Available• The depreciation expense for each month has been calculated as $256,987

Cash is a very important current asset for the business. It includes cash in hand and cash deposited…

Month September October November December $ 451,273 $ 726,678 S 769,274 S 426,657 $ 548,450 S 561,478 $ 464,969 Cash-in A/R $ 550,986 Total Cash In $ 341,023 $ 219,070 Cash-out $ 192,956 S 85,302 S 52,872 S 293,288 S 341,815 $ 44,838 A/P Depreciation Total Cash- out Cash ? SOLVE ? Available The depreciation expense for each month has been calculated as $256,987

Month September October November December $ 451,273 $ 726,678 S 769,274 S 426,657 $ 548,450 S 561,478 $ 464,969 Cash-in A/R $ 550,986 Total Cash In $ 341,023 $ 219,070 Cash-out $ 192,956 S 85,302 S 52,872 S 293,288 S 341,815 $ 44,838 A/P Depreciation Total Cash- out Cash ? SOLVE ? Available The depreciation expense for each month has been calculated as $256,987

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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