Consider the following T-account for cash.      Cash 13,000 8,200 4,400 1,900 3,500 5,500 1. Compute the balance of the Cash account. 2. Give some examples of transactions that would have resulted in the $4,400 posting to the account. 3. Give some examples of transactions that would have resulted in the $1,900 posting to the account.

Q: The actual cash received from cash sales was $33,161 and the amount indicated by the cash register…

A: Working: Cash received = $33,161 Cash Register = $33,185 Cash Short = $33,185 - $33,161 = $24 Sales…

Q: The following data were taken from.the cash journals Xanthous Company: Cash Disbursement Journ Cash…

A: SOLUTION- BANK RECONCILIATION STATEMENT SUMMARIZING BANKING AND BUSINESS ACTIVITY , RECONCILING AN…

Q: Received $4,000 in cash from credit clients on their accounts. Which account is ?debited Cash…

A: "Debit what comes in, Credit what goes out" is the second golden rule of accounting which is to be…

Q: Required a. Complete the schedule of cash receipts by filling in the missing amounts. b. Determine…

A: Given is: Accounts receivable on July 1 = $330,000 100% accounts receivables are collected in the…

Q: 1-Saifi halwa shop sold RO 200 worth of halwa to customers for cash. Which of the following…

A: The Numerical has covered the concept of Journal Entry and Receipt Journal. The receipt Journal is a…

Q: ollowing information using a Cash T:   Schedule C Cash Receipts:  $120,000 Schedule C Cash…

A: Explanation of concept Cash account is been to keep the record of all transaction, cash receipts…

Q: Performing service of $500 with receiving half of the balance as cash and the remaining on account…

A: Journal entry is a set of economic events which can be measured in monetary terms. These are…

Q: Prepare a journal entries that summarizes the purchases, sales, and payments related to inventories…

A: Here we used the concept of journal entry to do the necessary journals. For doing the journal entry…

Q: ers for $6,200 cash. 1. Post the se trans actions to the Cash T-account. Assume the balance of Cash…

A: Solution:-1 Cash Account Particulars  Amount  Particulars  Amount  Opening balance  $…

Q: An amount of P1,000 is debited twice in the bank statement. When overdraft as per the cash book is…

A: Overdraft as per cash book means that the cash book has debit balance, meaning that the total…

Q: A company  purchase supplies and pays  OMR 1,300 in cash , the journal entry will include. a. Debit…

A: Solution: Purchase of supplies for cash results in increase in supplies and decrease in cash.

Q: The chart of accounts for Corning Company includes the following: Account Name Account Number Cash…

A: Post reference is basically the location address of the journal entry in the journal and the ledger.…

Q: Which side of the account increases the cash account? Select one: a. Debit b. Credit c. Either debit…

A: Solution:- Introduction: - A debit is an entry recorded on the left side of an account. It either…

Q: Determine the ending balance of each of the following T-accounts. Cash Accounts Payable 210 160…

A: •Normal Debit Balance of Account: Ending Balance - Debit - Credit .   •Normal credit Balance of…

Q: handle her cash infiows and outflows for the month. Transactions made by Cora for the month are…

A: Cash flows means changes in cash balance. It can be incoming of cash (cash inflow) or outgoing of…

Q: 1. Advances for travel expenses are reported as: a. Supplies b. Cash, since they are…

A: Cash and Cash Equivalents - Cash and Cash equivalents are the items which can be converted into cash…

Q: Complete the below table indicating (a) whether each transaction increases (+), decreases (-), or…

A: Cash transaction means the transaction in which the cash payment or cash receipt is involved. It…

Q: a. Cash received from a customer on account was debited for 4,700 pesos and Accounts Receivable was…

A: Correcting Entries - Correcting entries are those that correct the mistake made at the time of…

Q: You are required to record the transactions in the appropriate accounts, balance off the accounts,…

A: Recording of transactions in T-Accounts                                Cash a/c   Debit Amount…

Q: Indicate in the table below where each of the following transactions would be posted by ticking (V)…

A: Sales journal records all credit sales. Purchases journal records all credit purchases. Cash…

Q: handle her cash infiows and outflows for the month. Transactions made by Cora for the month are…

A: Cashflows shows the flow of cash in and out of the business.  It shows the receipt, payment and the…

Q: Which of the following journal entries would be recorded if a business renders service and receives…

A: Answer: Option a is Correct   Correct Entry :

Q: f a petty cash account is $2 over, would the cash short/over account be debited $2 or credited $2?

A: Petty cash book: Petty cash book is a separate cash book maintained for recording frequent payments…

Q: The receipt of cash on account of $4,500 was recorded as a debit to Cash for $9,000 and a credit to…

A: Accounts receivable is the money due to the company due to the credit sales made by the company…

Q: The business collected $1,800 cash from Client B on account. The journal entry to record this…

A: Increase in assets should be debited and decrease in assets should be credited. Option A is for…

Q: A cash book is used to record

A: A cash book contains all cash receipts and payments transactions in detail, including bank deposits…

Q: Directions: Classify each transaction whether they are operating, financing, investing or non-…

A: 1 cash inflow from operating activities 2 cash inflow from investing activities 3 cash inflow from…

Q: If the total of cash on the debit side (DR) is 7800 OMR and 2300 on the credit side (CR), the…

A: Debit balance of cash means positive balance of cash. Credit balance of cash means negative balance…

Q: B. 772,150 C. 779,650

A: Adjusted cash balance refers to the physical document which reflects the details about the desired…

Q: For each of the three independent situations determine the amount of cash received from the…

A: An instrument that is the most important element for any business without which no business can…

Q: 12. What is the final balance of the cash account after posting all related transactions to the…

A: Journal means the book of prime entry where all entries are recorded in different pages. Ledger…

Q: Using the following cash payments journal, identify each of the posting references, indicated by a…

A: Cash payment Journal all the expenses made and paid by cash during a particular period of time. All…

Q: 1. When posting all transactions to the ledgers, the cash account will show a total amount in the…

A: Transaction- A business transaction is a monetary exchange of products or services. Purchase of…

Q: In which of the following transaction, bank account will be debited? O a. Purchased goods on cash O…

A: SOLUTION- Cash Deposit In To Bank is Simply Transfer the Cash From Location to Another , The Asset…

Q: transaction

A: Journal Entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: Providing service of $600, receiving $200 cash and the remaining on account is recorded as: Debit…

A: Recording of the transaction in the books of accounting in a chronological order is termed as…

Q: business cash consist of many things. Identify which one of the following will be considered as…

A: Credit card is considered as a cash Equivalent....

Q: Using the following information, determine the balance of the cash account. The left side of the T…

A: Left side total in cash account is total of debit side and right total in cash account is the total…

Q: If a business owner invests $5,000 in cash into the business, which side of the T for the cash…

A: If business owner invests $ 5000 in cash into business then the following journal entry shall be…

Q: 1. What is the adjusted cash in bank on July 31? a. 7,300,000 b. 7,900,000 c. 6,900,000 d. 6,300,000…

A: a) Adjusted cash in bank = Balance per bank + Total deposits - Disbursements…

Q: if a cashier rang up sales totaling $4.000, but had only $3.997 to deposit which journal entry would…

A: If a cashier rang up sales totaling $4,000, but had only $3,997 to deposit, which journal entry…

Q: Given the following information, compute the amount of cash finally remitted by the customer. Oct.…

A: Accounts receivable Accounts receivable refers to the amounts to be received within a short period…

Q: For each of the transactions, state which special journal (sales journal, cash receipts journal,…

A: Solution: Classification of transaction in journal and Subsidiary ledger are as under:

Q: 1. Ella Manalo, the proprietress of Manalo Slimming Center, presented the following adjusted account…

A: Formula: Net income = Revenues - Expenses.

Q: 1. Brain Company provided the following: cash account beginning balance is P162,552.50. Below is a…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.