MANAGERIAL ACCT W/CONNECT >IC<
MANAGERIAL ACCT W/CONNECT >IC<
15th Edition
ISBN: 9781259405303
Author: Garrison
Publisher: MCG
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Lakeside Ltd. started August with a cash balance of $50,000. It collected $10,000 during the month and made cash disbursements totalling $22,000. What is the cash balance on August 31? A. $38,000 debit B. $40,000 credit C. $62,000 debit D. $38,000 credit
can you help me with this General accounting question
AWQ Inc. was incorporated two years ago by issuing 5,000 shares of common stock at $400 each and borrowing $240,000 from a bank on a long-term note. Last year, AWQ reported net income of $20,000 and paid a cash dividend of $1,800. Last year, the company also borrowed an additional $320,000 from the bank. What was the total assets on AWQ's balance sheet at the end of the year last year?

Chapter 13 Solutions

MANAGERIAL ACCT W/CONNECT >IC<

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