The Diamond Store began business on June 1. During the month of June, Diamond had cash payments of $ 10,000. At the end of Jun

Question

Arte-miy333 [17]

3 years ago

6

The Diamond Store began business on June 1. During the month of June, Diamond had cash payments of $ 10,000. At the end of Jun

e, it had a $ 18,000 cash balance. Based on this information, the cash receipts for the month of June were________.

Business

1 answer:

tresset_1 [31] · Answer 1 · 2021-12-01T07:54:48+03:00

Answer:

$28,000

Explanation:

Cash payments is a negative entry (credit) to the cash balance account, while cash receipts is a positive entry (debit), if the final cash balance is $18,000, cash receipts for the month of June are:

$R - \$10,000 = \$18,000\\R= \$28,000$

The cash receipts for the month of June were $28,000.

The Diamond Store began business on June 1. During the month of​ June, Diamond had cash payments of $ 10,000. At the end of​ Jun

The Diamond Store began business on June 1. During the month of June, Diamond had cash payments of $ 10,000. At the end of Jun