Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. eb 18. lo 3.5krespy corp. has a cash balance of $7

EB 18. LO 3.5Krespy Corp. has a cash balance of $7,500 before the...

60.1K

Verified Solution

Question

Accounting

EB 18. LO 3.5Krespy Corp. has a cash balance of $7,500 before the following transactions occur:received customer payments of $965supplies purchased on account $435services worth $850 performed, 25% is paid in cash the rest will be billedcorporation pays $275 for an ad in the newspaperbill is received for electricity used $235.dividends of $2,500 are distributedWhat is the balance in cash after these transactions are journalized and posted?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Decide whether or not the function given by the equation below has an inverse function.Briefly...

Algebra
Q

Using standard electrode potentials calculate ΔG∘rxn and use its value to estimate the equilibrium constant for...

Chemistry
Q

Pick a favorite theorist you’ve read about all semester long; Piaget, for example. What would that...

Psychology
Q

explain the factors that impacted the development of your political ideology.(Democratic party), Pay close attention to race,...

Psychology
Q

Question 1: What is the main use of stepper motors? What are the similarities and differences between...

Electrical Engineering
Q

A uestion 14 prevents changes to this answer 20 2 3 11 1 31 7...

Basic Math
Q

You are setting up a trophy display with eight out of twelve trophies for your...

Basic Math
Q

(a) Make a scatter plot for the data presented in the table. ...

Algebra
Q

The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $201,800...

Accounting
Q

The income statement for Kosinski Manufacturing Company contains the following condensed information KOSINSKI MANUFACTURING COMPANY...

Accounting
Q

question 4 ch 10 The St. Lucia Blood Bank, a private charity partly supported by...

Accounting
Q

A balance sheet Is a plan for controlling your future income and expenses. Enables you...

Finance