What was the December cash balance

Assignment Help Accounting Basics
Reference no: EM133100897

Question - Gumbo Company had the following transactions during the month of December. What was the December 1 cash balance?

Dividends paid $221

Credit sales 149

Payments for equipment 1496

Taxes paid 2032

Common stock sold 2550

Inventory received 2125

Cash sales 2763

Cash balance Dec. 31- 9869

Give answer with explanation.

Reference no: EM133100897

Questions Cloud

What benefits do they do for a business : What are Space Matrix, Grand Matrix, and Quantitative Strategic Planning Matrix what benefits do they do for a business? What are their roles in developing Netf
Charges about admitting personnel : As the newly placed manager of the admitting department, it didn't take long to discover that morale in the department had been low for quite some time. As you
Explain steps in preparing for negotiation : The company you have been working for over three years comes with an ofter on promoting you from the sales representative to the sales floor manager. Your curre
Evaluate how partnering with some of suppliers : Evaluate how partnering with some of the suppliers could benefit CII. What issues should CII consider when developing partnerships?
What was the December cash balance : Question - Gumbo Company had the following transactions during the month of December. What was the December 1 cash balance
Compute the change in value created and value captured : Compute the change in Value created and Value captured (in dollars) for the production and sale of one table.
What is media literacy : What is media literacy and why is it important for individuals to be media literate? How can both kids and adults benefit from media literacy?
What is the amount that Demeter has to pay : Demeter Inc. purchased merchandise on account from a supplier for $49,800, with credit terms of 3/10, n/30. What is the amount that Demeter has to pay
What is maslow hierarchy of needs : What is Maslow's hierarchy of needs? What relation does it have to how consumers decide which foods to purchase?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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