Cash Flow Analysis e16A. BusIness applICatIon ? A company engaged in the following transactions:…
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Cash Flow Analysis
e16A. BusIness applICatIon ▶ A company engaged in the following transactions: Dec. 1 Performed services for cash, $1,500.
1 Paid expenses in cash, $1,100.
2 Performed services on credit, $1,800.
3 Collected on account, $1,200.
4 Incurred expenses on credit, $1,300.
5 Paid on account, $700.
Enter the correct titles on the following T accounts and enter the above transactions in the accounts. Determine the cash balance after these transactions, the amount still to be received, and the amount still to be paid.
Cash Sale
Cash Purchase
Credit Sale
Collection on Account
Payment on Account
Credit Purchase
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