Question

Problem 2 D&G Inn has experienced several transactions on April 1 as follows: a. Cash received from cash sales totaled $1,750.20 b. Cash paid to the IRS for payroll taxes equaled $2,430.00 c. Check #8752 was written to Statewide Electric for $2,419.22 d. Sales on account for the day equaled $3,690.00 e. An insurance refund of $180.26 was received f. Checks received in the mail and deposited in the firm's checking account totaled $5,100.00 g. Food supplies totaling $942.15 were purchased on account. Required: Determine the balance of the cash account at the end of April 1. Assume a cash balance of $6,700.00 on March 31.

          Problem 2
D&G Inn has experienced several transactions on April 1 as follows:
a. Cash received from cash sales totaled $1,750.20
b. Cash paid to the IRS for payroll taxes equaled $2,430.00
c. Check #8752 was written to Statewide Electric for $2,419.22
d. Sales on account for the day equaled $3,690.00
e. An insurance refund of $180.26 was received
f. Checks received in the mail and deposited in the firm's checking account totaled $5,100.00
g. Food supplies totaling $942.15 were purchased on account.
Required:
Determine the balance of the cash account at the end of April 1. Assume a cash balance of $6,700.00 on March 31.

Problem 2
D G Inn has experienced several transactions on April 1 as follows:
a. Cash received from cash sales totaled 1,750.20
b. Cash paid to the IRS for payroll taxes equaled2,430.00
c. Check #8752 was written to Statewide Electric for 2,419.22
d. Sales on account for the day equaled3,690.00
e. An insurance refund of 180.26 was received
f. Checks received in the mail and deposited in the firm's checking account totaled5,100.00
g. Food supplies totaling 942.15 were purchased on account.
Required:
Determine the balance of the cash account at the end of April 1. Assume a cash balance of6,700.00 on March 31.

Added by Luis Miguel M.

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