5600 investment by the owner and revenues of $ 20200). The total of the credit entries to the cash account amounted to $ 220 burchase of equipment $ 9000 and payment of expenses $ 13000). At the end of the month, the cash account has a(n) O $6400 debit balance. O $ 13800 credit balance. O $6400 credit balance.

Ortiz Lumber Yard has a current accounts receivable balance of $400,000 and accounts payable of 700,000. Its sales for the year just ended were $3,350,000. Days sales outstanding is ____ days. Round it to two decimal places.

On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts                                                 Debit                    CreditCash                                                       $ 25,100Accounts Receivable                                 46,200Allowance for Uncollectible Accounts                                 $ 4,200Inventory                                                   20,000Land                                                          46,000Equipment                                                15,000Accumulated Depreciation                                                   1,500Accounts Payable                                                                28,500Notes Payable (6%, due April 1, 2022)                                50,000Common Stock                                                                    35,000Retained Earnings…

A company purchased new equipment for $31,000 with a two-year installment note requiring 5% interest. The required monthly payment is $1,360. For the first month’s payment, what is the amount to record for interest expense? a. $120.b. $129.c. $68.d. $155.

kk.  Subject :- Accounting

6. At January 1, 2020, Teal Inc. had accounts receivable of $73,000. At December 31, 2020, accounts receivable is $54,000. Sales revenue for 2020 total $451,000.Compute Teal’s 2020 cash receipts from customers. Cash receipts from customers   $

Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle?  Item                        Beginning                 EndingInventory                    $9,338              $11,550Accounts Receivable    5,670                  6,947Accounts Payable         7,689                  9,625 Net Sales   $82,544Cost of Goods Sold  $58,638 a. 28 daysb. 39 daysc. 65 daysd. 93 days