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mihalych1998 [28]
3 years ago
11

During october, alameda company had $102,500 of cash receipts and $103,150 of cash disbursements. the october 31 cash balance wa

s $18,600. determine how much cash the company had at the close of business on september 30.
Business
1 answer:
Mkey [24]3 years ago
8 0
The Alameda co had income of $102,500 in October and disbursements of $103,500 also during October. The difference is 103,500-102500= -$650. So if at Oct. 31 the cash balance was $18,600, at Sept. 30th the cash balance would have to be $18,600+$650=$19,250.
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3 0
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Svetach [21]

Answer:

Date                                Particulars Debit Credit

Inventory                                        40,000  

Accounts Payable - Gita                          30,000  

Bank                                                           10,000  

   

Accounts Receivable - Jeewan          7,000  

Sales                                                           7,000  

   

Cost of Goods sold                          10,000  

Inventory                                                      10,000  

   

Accounts Payable - Gita                   15,000  

Discount Received                                      1,000  

Cash                                                              14,000  

   

Cash                                                    6,500  

Discount Received                             500  

Accounts Receivable - Jeewan                       7,000  

Explanation:

It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment.  The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.

4 0
3 years ago
Given below are several ratios. "Select the accounts or amounts that would be used in order to calculate the ratio. You will hav
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Answer:

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