On April 1, the cash account balance was $48,350. During April, cash receipts totaled $260,060 and the April 30 balance was $59,390. Determine the cash payments made during April.
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On April 1, the cash account balance was $48,350. During April, cash receipts totaled $260,060 and the April 30 balance was $59,390. Determine the cash payments made during April.
CASH ACCOUNT
Cash Account reflect the Amount of Cash received during the period & Cash Disburse during the Period.
Ending Cash Account Balance is Computed :—
= Cash Balance at Beggining of the Period + Cash Received During the Period - Cash Payment During the Period
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- Forest Company had the following transactions during the month of December. What is the December 31 cash balance?The transactions completed by AM Express Company during March, the first month of the fiscal year, were as follows: Instructions 1. Enter the following account balances in the general ledger as of March 1: 2. Journalize the transactions for March, using the following journals similar to those illustrated in this chapter: single-column revenue journal (p. 35), cash receipts journal (p. 31), purchases journal (p. 37, with columns for Accounts Payable, Maintenance Supplies, Office Supplies, and Other Accounts), cash payments journal (p. 34), and twocolumn general journal (p. 1). Assume that the daily postings to the individual accounts in the accounts payable subsidiary ledger and the accounts receivable subsidiary ledger have been made. 3. Post the appropriate individual entries to the general ledger. 4. Total each of the columns of the special journals and post the appropriate totals to the general ledger; insert the account balances. 5. Prepare a trial balance.Determine the amount of cash expended for Salaries during the month, based on the entries in the following accounts (assume 0 beginning balances).
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