The manager of needs to compute the following amounts:
a. Total cash paid during .
b. Cash c...
Business, 20.09.2020 14:01, mharrington2934
The manager of needs to compute the following amounts:
a. Total cash paid during .
b. Cash collections from credit customers during . Analyze Accounts Receivable.
c. Cash paid on a note payable during . Analyze Notes Payable. Here's the additional data you need to analyze the accounts:
Account 30-Nov 31-Dec Additional information for the month of december
1. Cash $10,000 $5,000 Cash receipts, $96,000
2. Accounts Receivable 27,000 25,000 Sales on account, $47,000
3. Notes Payable 11,000 19,000 New borrowing, $28,000
Required:
Prepare a T-account to compute each amount, a through c.
Answers: 2
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