StatementsACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cashpayments totaled $375,880. Determine the cash balance on January 1. ??? + $305,000 = $96,750 ANSWER: − $375,880 Cash balance at January 1 is $167,630 Moderate DIFFICULTY: Bloom's: Applying FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Organize the following accounts into the usual sequence of a chart of accounts. Miscellaneous ExpenseAccounts PayableAccounts ReceivableCash Common StockFees EarnedPrepaid RentSalaries ExpenseUnearned RevenueDividends Cash ANSWER: Accounts ReceivablePrepaid RentAccounts PayableUnearned RevenueCommon StockDividends Fees EarnedSalaries Expense Miscellaneous Expense Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Calculate the following: Determine the cash receipts for April based on the following data:
StatementsACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cashpayments totaled $375,880. Determine the cash balance on January 1. ANSWER: ??? + $305,000 − $375,880 = $96,750 Cash balance at January 1 is $167,630 DIFFICULTY: Moderate Bloom's: Applying LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - MeasurementBUSPROG: Analytic Organize the following accounts into the usual sequence of a chart of accounts. Miscellaneous ExpenseAccounts PayableAccounts ReceivableCash Common StockFees EarnedPrepaid RentSalaries ExpenseUnearned RevenueDividends ANSWER: Cash Accounts ReceivablePrepaid RentAccounts PayableUnearned RevenueCommon StockDividends Fees EarnedSalaries Expense Miscellaneous Expense DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.06 - Recording TransactionsACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Calculate the following: Determine the cash receipts for April based on the following data:
Financial-Managerial-Accounting-13th-Edition-Test-Bank-Warren-Reeve-Duchac.docx