Question

The following transactions occurred during April 2013 in Sion, Inc.’s operations:
1. Salary Expense for the month of April was $4,600. Sion made a monthly payment to employees on the 15th of the month.
2. Sales on account were $8,270.
3. The Cash, Accounts Receivable, and Salary Payable beginning and ending balances were:
Requirements
1. What was the amount paid for salaries in April?
2. What was the amount received from customers in April?
3. What do (1) and (3) represent?
4. What was the Cash ending balance?


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  • CreatedJuly 08, 2015
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