46 Prepare journal entries and calculated the cash balance at the end of the month, if...

  

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46 Prepare journal entries and calculated the cash balance at the end of the month, if the opening balance was $75,000. 1. Sold inventory worth $12,000 for $25,000 on credit. 4. Received an electricity bill for $750. 2. Received $15,000 from accounts receivable. 3. Paid the weekly wage bill of $5,000. 5. The month depreciation expense is $2,500. 6. Dividends were declared and paid worth $50,000 46 Prepare journal entries and calculated the cash balance at the end of the month, if the opening balance was $75,000. 1. Sold inventory worth $12,000 for $25,000 on credit. 4. Received an electricity bill for $750. 2. Received $15,000 from accounts receivable. 3. Paid the weekly wage bill of $5,000. 5. The month depreciation expense is $2,500. 6. Dividends were declared and paid worth $50,000

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