Wilkes Company had the following transactions during the current year: • Earned revenues of $100,000 and incurred expenses of $56,000, all in cash. • Purchased a truck for $25,000. • Sold land for $10,000. • Borrowed $15,000 from a local bank. What was the total change in cash during the year? in cash

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wilkes Company had the following transactions during the current year:
• Earned revenues of $100,000 and incurred expenses of $56,000, all in cash.
• Purchased a truck for $25,000.
• Sold land for $10,000.
• Borrowed $15,000 from a local bank.
ok
nt
What was the total change in cash during the year?
ences
in cash
aw
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Transcribed Image Text:Wilkes Company had the following transactions during the current year: • Earned revenues of $100,000 and incurred expenses of $56,000, all in cash. • Purchased a truck for $25,000. • Sold land for $10,000. • Borrowed $15,000 from a local bank. ok nt What was the total change in cash during the year? ences in cash aw < Prev 6 of 10 Next > ... 17°C IR
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