Question
Emma Dance's beginning balance in the cash account is $8,221 The following activities occurred in 2016: 1. Performed advertising services on account, $25,566. 2.
Emma Dance's beginning balance in the cash account is $8,221 The following activities occurred in 2016: 1. Performed advertising services on account, $25,566. 2. Received cash payments on account, $13,773. 3. Received deposits from customers for advertising services to be performed in 2017, $4,386. 4 Made payments to suppliers on account, $2,735. 5. Incurred $11,707 of operating expenses; $7,796 was paid in cash and rest was on account and unpaid as of the end of the year. What is the balance in Emma Dance's Cash account at December 31, 2016?
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
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