Answered: Summary of your account Previous…

Summary of your account Previous Statement Balance $800.00 Payments -$100.00 $7,500.79 $1,200.00 $0.00 $12.78 New Purchases Balance Transfers and Access Cheques Cash Advances Interest

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.7C

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Concept explainers

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.

Question

Solve the the new balance given the Statement of Account below. Key in your answer without unit, space or punctuation rounded in two decimal place.

Summary of your account
Previous Statement Balance
$800.00
Payments
-$100.00
$7,500.79
$1,200.00
$0.00
$12.78
$216.00
New Purchases
Balance Transfers and Access Cheques
Cash Advances
Interest
Fees
Subtotal
$8,929.57

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