The following transactions occurred during April 2015 in Sion, Inc.'s operations: 1. Salaries Expense for the month

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The following transactions occurred during April 2015 in Sion, Inc.'s operations:
1. Salaries Expense for the month of April was $4,600. Sion made a monthly payment to employees on the fifteenth of the month.
2. Sales on account were $8,270.
3. The Cash, Accounts Receivable, and Salaries Payable beginning and ending balances were:
Salaries Payable Cash Accounts Receivable 3,780 8,650 (4) (2) (2) 4,200 (3) (1) 4,350 3,600 (5)

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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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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