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Alexxx [7]
3 years ago
11

Schultz Tax Services, a tax preparation business had the following transactions during the month of June:

Business
1 answer:
Nastasia [14]3 years ago
8 0

Answer:

$29,280

Explanation:

It is important to consider only cash transactions when preparing a Cash Reconciliation.

<u>Schultz Tax Services Cash Reconciliation</u>

Cash, June 1                                                                $25,000

<u>Plus: cash receipts for June</u>

Receipts for Accounting Services        $3,000

Receipts from Accounts Receivables  $3,800           $6,800

<u>Minus: cash payments for June</u>

Advertising expense paid                       $800

Dividends paid                                       $1,500

Telephone expense paid                        $220          ($2,520)

Cash, June 30                                                             $29,280

Conclusion :

The balance of Cash at June 30 is $29,280

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Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash divide
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Answer:

                               Skysong Corporation

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