Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. Received customer payments
Question:
Krespy Corp. has a cash balance of $7,500 before the following transactions occur:
A. Received customer payments of $965
B. Supplies purchased on account $435
C. Services worth $850 performed, 25% is paid in cash the rest will be billed
D. Corporation pays $275 for an ad in the newspaper
E. Bill is received for electricity used $235.
F. Dividends of $2,500 are distributed
What is the balance in cash after these transactions are journalized and posted?
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The balance in cash after these transactions are journalized and posted 1050...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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