The question is regarding Problem 3. If possible, please elaborate or do a step by step process on how you found the answer for I really don't understand it. C. Check #8752 was written to Statewide Electric for $2,419..22.d. Sales on account for the day equaled $3,690.00.e. An insurance refund of $180.26 was received.f. Checks received in the mail and deposited in the firm's checking account totaled$5,100.00.g. Food supplies totaling $942.15 were purchased on account.Required:Determine the balance of the cash account at the end of April 1. ASsume a cash balance of$6,700.00 on March 31.Problem 3Ryan Harris, owner of the Harris Café, has received cash and checks for his food serviceoperation and has written several checks for the Café as follows:Wrote check #181 in payment of accounts payable (Murphy Foods) for $230.00Wrote check #182 to purchase equipment costing $536.00Checks and cash totaling $2,428.36 received as cash sales were deposited inthe Harris Café checking account.Wrote check #183 for $352.00 to pay wages to his assistantWrote check #184 to Battlefield Utilities to pay the electric bill of $228.52Feb. 1Feb. 2Feb. 3Feb. 4Feb. 5Required:Determine the balance of the cash account at the end of the day on February 5. Assume thebeginning checking account balance was $850.10 on February 1.Problem 4The followihaveurred at the Litchfield Inn:

The question is based on the concept of Financial Accounting.

Required: Determine the balance of the cas $6,700.00 on March 31. Ryan Harris, owner of the Harri operation and has written severa Feb. 1 Wrote check #181 in Feb. 2 Wrote check #182 t Feb. 3 Checks and cash to the Harris Café che Feb. 4 Wrote check #183 f- Feb. 5 Wrote check #184 to Required: Determine the balance of the cash beginning checking account balar

Required: Determine the balance of the cas $6,700.00 on March 31. Ryan Harris, owner of the Harri operation and has written severa Feb. 1 Wrote check #181 in Feb. 2 Wrote check #182 t Feb. 3 Checks and cash to the Harris Café che Feb. 4 Wrote check #183 f- Feb. 5 Wrote check #184 to Required: Determine the balance of the cash beginning checking account balar

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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