On December 2, Amram Pizza had a cash-in-bank balance of $7,000. During the month of December, Amram
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Question:
On December 2, Amram Pizza had a cash-in-bank balance of $7,000. During the month of December, Amram Pizza wrote checks totaling $4,800. Two-thirds of this amount was used to purchase a computer for cash. The remaining amount was used to pay an outstanding invoice for kitchen equipment purchased from Restaurant City.
1. List the accounts debited and the debit amounts
2. List the accounts credited and the credit amount
3.What was the cash-in-bank balance on December 31?
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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