User Account

All Pages

Determine the cash payments made during April

Assignment Help Financial Accounting
Reference no: EM132933871

Question -

During February, $75,550 was paid to creditors on account, and purchases on account were $96,700. Assuming the February 28 balance of Accounts Payable was $32,490, determine the account balance on February 1.

On October 1, the accounts receivable account balance was $40,400. During October, $351,500 was collected from customers on account. Assuming the October 31 balance was $46,500, determine the fees billed to customers on account during October.

On April 1, the cash account balance was $15,370. During April, cash receipts totaled $233,620 and the April 30 balance was $11,070. Determine the cash payments made during April.

Reference no: EM132933871

Questions Cloud

What ethical considerations are associated with the advice : Did synaptic pruning, based on this event, alter the way you now view the world? If so, what about your worldview changed? Explain.
Which diagnosis not be appropriate to share with a client : How would you explain a diagnosis to a client? Are there circumstances in which a diagnosis would not be appropriate to share with a client?
Briefly explain the cross-cutting symptom measures in dsm : List some in supporting an argument for or against formal diagnostic protocols. Briefly explain the cross-cutting symptom measures in the DSM.
How do the six constructs of the bwvi impact the way : Where you BWVI results different from your original scores? Did the results of the BWVI match your expectations for your own worldview?
Determine the cash payments made during April : During April, cash receipts totaled $233,620 and the April 30 balance was $11,070. Determine the cash payments made during April
Have ever eaten when were already full : We know that eating is not motivated by Phsiclal hunger alone. For example, have you ever eaten when you were already full?
How unethical and dangerous the studies were : How unethical and dangerous these studies were. What insights on ethics and ethical considerations did you take away from this discussion?
Discuss eight-step ethical decision-making model proposed : Discuss the eight-step ethical decision-making model proposed by the authors. List the steps with a brief summary of each step.
What kinds of parties could use restorative justice model : Explain what fields the restorative justice model could be used to solve problems. What kinds of parties could use the restorative justice model?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Transaction as either operating-investing-financing activity

Selected transactions of Eller Company are listed below. Classify each transaction as either a(n)operating activity, investing activity, financing activity, or non-cash investing and financing activity by placing in X in the appropriate column on the..

  Illustrate what is the balance in investment in garvin

Riney did not acquire any of these shares. Illustrate what is the balance in Investment in Garvin after the sale of the 10,000 shares of common stock?

  What is the market value of lovefinderrz equity

What is the market value of LoveFinderrz' equity? What is the value of LoveFinderrz if it had no debt (i.e. its unlevered firm value)?

  What effect does transaction have on accounting equation

In addition to the increase in cash, what effect does this transaction have on the accounting equation

  How much cash will be required to settle the liability

The margin of safety is: Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on account under terms 1/10/n30. (2) Returned 1,000 of the inventory purchased in Event 1. If the Company..

  Compute the annual equivalent cost for each equipment

Using a discount rate of 10%, compute the annual equivalent cost for each equipment. Which equipment will be your choice and why?

  Record the wholesale purchase of the rings

Jewelry used its company credit card to purchase six limited-edition diamond rings from a wholesaler for $8,000. Record the wholesale purchase of the rings

  Prepare a record the revenue and reduction from inventory

Write the two journal entries needed to record the revenue and reduction from inventory for the sale of all 13 million units. Determine the missing amounts.

  What is the purpose of a bank reconciliation

What are the components of Internal Control? What is considered as the 'Control Environment'?

  Determine the amount of depletion expense for current year

During the current year, 42,000,000 tons were mined and sold. Determine the amount of depletion expense for the current year

  What is the mirr of a project

What is the MIRR of a project if the initial costs are $2,016,800 and the project life is estimated as 6 years? The project will produce the same after-tax cash

  What is the hotels average daily rate

What is the hotel's average daily rate, if the property's percentage of rooms revenueto total revenue is 62.9% and occupancy percentage is 67.8%?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd