Rajiv Financial Services had a cash balance on March 1, 2013 of $1,004,797. Its cash receipts...
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Rajiv Financial Services had a cash balance on March 1, 2013 of $1,004,797. Its cash receipts for the month of March totaled $2,771,445. Sales on account for the month amounted to $1,373,462 with cash receipts from these sales to be received in April. Cash expenses for March were $988,351. Purchases on account for March amounted to $257,102 with 30 day payment terms. What is the cash balance for Rajiv Financial Services as of March 31, 2013? Rajiv Financial Services had a cash balance on March 1, 2013 of $1,004,797. Its cash receipts for the month of March totaled $2,771,445. Sales on account for the month amounted to $1,373,462 with cash receipts from these sales to be received in April. Cash expenses for March were $988,351. Purchases on account for March amounted to $257,102 with 30 day payment terms. What is the cash balance for Rajiv Financial Services as of March 31, 2013?
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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