Selected account balances for Carla Vista Company at January 1, 2020, are presented below. Accounts Payable Accounts Receivable Cash Inventory Carla Vista's sales journal for January shows a total of $111,000 in the selling-price column. Its one-column purchases journal for January shows a total of $75,600. The column totals in Carla Vista's cash receipts journal are Cash Dr. $59,800; Accounts Receivable Cr. $44,000; and Sales Revenue Cr. $4,400. $12,300 20,600 16,600 13,300 The column totals in Carla Vista's cash payments journal for January are Cash Cr. $54,200; Inventory Cr. $1,300; and Accounts Payable Dr. $45,900. Hulse's total cost of goods sold for January is $61,400. Find these January 31 amounts for Carla Vista. [Use formulas in PDF from last announcement] Accounts Payable Accounts Receivable Cash Enter answer here Enter answer here Enter answer here

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Aa.69.

 

Selected account balances for Carla Vista Company at January 1, 2020, are presented below.
Accounts Payable
Accounts Receivable
Cash
Inventory
Carla Vista's sales journal for January shows a total of $111,000 in the selling-price column.
Its one-column purchases journal for January shows a total of $75,600.
The column totals in Carla Vista's cash receipts journal are Cash Dr. $59,800; Accounts
Receivable Cr. $44,000; and Sales Revenue Cr. $4,400.
$12,300
20,600
16,600
13,300
The column totals in Carla Vista's cash payments journal for January are Cash Cr. $54,200;
Inventory Cr. $1,300; and Accounts Payable Dr. $45,900.
Hulse's total cost of goods sold for January is $61,400.
Find these January 31 amounts for Carla Vista. [Use formulas in PDF from last announcement]
Accounts Payable
Accounts Receivable
Cash
Inventory
Sales Revenue
Enter answer here
Enter answer here
Enter answer here
Enter answer here
Enter answer here
Transcribed Image Text:Selected account balances for Carla Vista Company at January 1, 2020, are presented below. Accounts Payable Accounts Receivable Cash Inventory Carla Vista's sales journal for January shows a total of $111,000 in the selling-price column. Its one-column purchases journal for January shows a total of $75,600. The column totals in Carla Vista's cash receipts journal are Cash Dr. $59,800; Accounts Receivable Cr. $44,000; and Sales Revenue Cr. $4,400. $12,300 20,600 16,600 13,300 The column totals in Carla Vista's cash payments journal for January are Cash Cr. $54,200; Inventory Cr. $1,300; and Accounts Payable Dr. $45,900. Hulse's total cost of goods sold for January is $61,400. Find these January 31 amounts for Carla Vista. [Use formulas in PDF from last announcement] Accounts Payable Accounts Receivable Cash Inventory Sales Revenue Enter answer here Enter answer here Enter answer here Enter answer here Enter answer here
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