FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The question is regarding Problem 3. If possible, please elaborate or do a step by step process on how you found the answer for I really don't understand it. 

C. Check #8752 was written to Statewide Electric for $2,419..22.
d. Sales on account for the day equaled $3,690.00.
e. An insurance refund of $180.26 was received.
f. Checks received in the mail and deposited in the firm's checking account totaled
$5,100.00.
g. Food supplies totaling $942.15 were purchased on account.
Required:
Determine the balance of the cash account at the end of April 1. ASsume a cash balance of
$6,700.00 on March 31.
Problem 3
Ryan Harris, owner of the Harris Café, has received cash and checks for his food service
operation and has written several checks for the Café as follows:
Wrote check #181 in payment of accounts payable (Murphy Foods) for $230.00
Wrote check #182 to purchase equipment costing $536.00
Checks and cash totaling $2,428.36 received as cash sales were deposited in
the Harris Café checking account.
Wrote check #183 for $352.00 to pay wages to his assistant
Wrote check #184 to Battlefield Utilities to pay the electric bill of $228.52
Feb. 1
Feb. 2
Feb. 3
Feb. 4
Feb. 5
Required:
Determine the balance of the cash account at the end of the day on February 5. Assume the
beginning checking account balance was $850.10 on February 1.
Problem 4
The followi
have
urred at the Litchfield Inn:
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Transcribed Image Text:C. Check #8752 was written to Statewide Electric for $2,419..22. d. Sales on account for the day equaled $3,690.00. e. An insurance refund of $180.26 was received. f. Checks received in the mail and deposited in the firm's checking account totaled $5,100.00. g. Food supplies totaling $942.15 were purchased on account. Required: Determine the balance of the cash account at the end of April 1. ASsume a cash balance of $6,700.00 on March 31. Problem 3 Ryan Harris, owner of the Harris Café, has received cash and checks for his food service operation and has written several checks for the Café as follows: Wrote check #181 in payment of accounts payable (Murphy Foods) for $230.00 Wrote check #182 to purchase equipment costing $536.00 Checks and cash totaling $2,428.36 received as cash sales were deposited in the Harris Café checking account. Wrote check #183 for $352.00 to pay wages to his assistant Wrote check #184 to Battlefield Utilities to pay the electric bill of $228.52 Feb. 1 Feb. 2 Feb. 3 Feb. 4 Feb. 5 Required: Determine the balance of the cash account at the end of the day on February 5. Assume the beginning checking account balance was $850.10 on February 1. Problem 4 The followi have urred at the Litchfield Inn:
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