Determine the cash receipts during July

Assignment Help Financial Accounting
Reference no: EM132748267

Problem - Missing amount from an account - On July 1, the cash account balance was $37,450. During July, cash payments totaled $115,860, and the July 31 balance was $29,600. Determine the cash receipts during July.

Reference no: EM132748267

Questions Cloud

Research on cybersecurity law and their impact of businesses : Research topic: Cybersecurity laws and their impact of businesses: A case of banking sector of Australia - research on cybersecurity laws in australia
Records and Information Management Functions : Information Governance (IG) and Records and Information Management Functions.
Determine the best strategy for LOTR to implement : Analyze access control best practices and determine the best strategy for LOTR to implement.
Organ Leader And Decision Making : Some organizational factors increase a project's likelihood of success. Identify these "facilitators" for the Green project.
Determine the cash receipts during July : During July, cash payments totaled $115,860, and the July 31 balance was $29,600. Determine the cash receipts during July
Major area of focus for information governance efforts : Major area of focus for information governance (IG) efforts, and has become the most common business software application.
Discussed several ddifferent models and archetypes : We discussed several ddifferent models and archetypes. Identify the IT Governance archtetype and provide an example.
Compute the ratio of liabilities to stockholders equity : Analyze the Home Depot for three years - Compute the ratio of liabilities to stockholders' equity for all three years. Round to two decimal places
Discuss why important in software security : Specify penetration testing objectives in the system, checking a system for vulnerabilities, and performing a review of the code.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much will the spread cost

What is the profit if the stock price at expiration is $47?How much will the spread cost? What is the maximum profit on the spread?

  Basis of costs incurred and estimated costs

Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be $120,0..

  Qualitative assessment option for impairment testing

As of December 31, 2012, NPR, Inc. has patents and trademarks on its balance sheet. NPR has decided it does not want to use the qualitative assessment option for impairment testing on its trademark for US GAAP.

  Mortgage crisis went to banks for policy of teaser loans

Part of the blame following the sub-prime mortgage crisis went to the banks for their policy of teaser loans which sucked people into buying houses they could not afford. Suppose you can afford a monthly payment of $700 for your mortgage. Use the loa..

  Advise what the correct accounting treatment

Advise what the correct accounting treatment would be to record these transactions - however the amount of the damages will not be decided until 30th September 2014.

  Firm uses absorption costing

Data for a firm's first year of operation is given below. The firm uses absorption costing.

  Determine which is regarding flow of cost for a manufacturer

Determine which is regarding flow of cost for a manufacturer? Inventory flow is Finished Goods to Work In Process to Raw Materials

  The cash receipt was recorded as unearned fees

On December 1, Simpson Marketing Company received $2,700 from a customer for a marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would i..

  Show the statement of changes in equity for each of the year

Activate Ltd has an authorised capital of £600,000, Show the statement of changes in equity for each of the years 2015, 2016 and 2017.

  Post the adjustments to the trial balance in the two column

CM Corporation (CMC) was founded in 2014 by Eric Conner and Phil Martin. The company designs, installs, and services security systems for high-tech.

  What is the break even point

Mr Saad is planning to print kids books and selling them at public schools. The There is a fixed cost of $400 for printing the books, the variable cost

  Calculate the present value of the lease payments

Calculate the present value of the lease payments on January 1, 2016. Assume a 6% interest rate.

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!

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