The following transactions occurred during April 2013 in Sion, Inc.s operations: 1. Salary Expense for the month

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:

The following transactions occurred during April 2013 in Sion, Inc.€™s

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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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:09 AM

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The following transactions occurred during April 2013 in Sion, Inc.s operations: 1. Salary Expense for the month

Question:

Cash Salary Payable Accounts Receivable 3,780 4,350 8,650 4,200 3,600

Step by Step Answer:

1 The amount of salary paid in April was 5200 2 The amount of receipt ...View the full answer

Financial Accounting

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