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PLEASE SHOW WORK FOR THIS PROBLEM AND A,B,C THANKS During the month of April, Si

ID: 2372431 • Letter: P

Question

PLEASE SHOW WORK FOR THIS PROBLEM AND A,B,C THANKS

During the month of April, Simpson Co. had cash receipts from customers of $110,600. Expenses totaled $72,800, and accrual basis net income was $19,600. There were no gains or losses during the month.

Accounts Receivable had a balance of $840 at the beginning of the month and $630 at the end of the month. Credit sales totaled $8,400 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account. (Omit the "$" sign in your response.)

The Supplies account had a balance of $378 at the beginning of the month and $511 at the end of the month. The cost of supplies used during the month was $1,638. Calculate the cost of supplies purchased during the month. (Omit the "$" sign in your response.)

Wages Payable had a balance of $287 at the beginning of the month. During the month, $2,660 of wages were paid to employees. Wages Expense accrued during the month totaled $2,870. Calculate the balance of Wages Payable at the end of the month. (Omit the "$" sign in your response.)

PLEASE SHOW WORK FOR THIS PROBLEM AND A,B,C THANKS

During the month of April, Simpson Co. had cash receipts from customers of $110,600. Expenses totaled $72,800, and accrual basis net income was $19,600. There were no gains or losses during the month.

Explanation / Answer

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