Business, 03.03.2021 03:40 npellot123
Assignment
Enter the following transactions in the books of Madam Comfort for the month ended 30
April 2011
April
started business by paying $50,000 into Bank
April 4
purchased goods by cheque $10,000
April
bought furniture by cheque $15.000
April
sold goods for cash $12.000
April
purchase goods on credit from Bronze $30.000
April 15
paid rate by cheque $2.000
April 12
received commission by cash $8000
April 18
sold goods on credit to K. Badu - $25,000
April 19
Withdrew cash for personal use $5,000
April 20
received cash from K. Badu $20.000β
Answers: 1
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Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.
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1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lilyβs bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
Assignment
Enter the following transactions in the books of Madam Comfort for the month ended 30
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