Explanation Revenue = Expenses + Net Income = 312000+84000 =$396,000 The Revenue for the month of April is $396,000 The reason for difference in ...

Accounting: What the Numbers Mean

11th Edition

ISBN: 9781259535314

Author: David Marshall, Wayne William McManus, Daniel Viele

Publisher: McGraw-Hill Education

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial…

Question

Chapter 4, Problem 4.14E

To determine

Concept Introduction:

Retained earnings statement:

The Retained earnings statement is prepared to calculate the ending balance of retained earnings that is added to the stockholder's equity statement. Retained earnings statement adjusts net income and income distributed as the dividend to calculate the ending balance.

To Calculate:

The Revenue for the month of April and determine the reason for difference in Cash Reeipts from customers and Revenue

Expert Solution & Answer

Chapter 4 Solutions

Accounting: What the Numbers Mean

Ch. 4 - Prob. 4.1ME Ch. 4 - Mini-Exercise 4.2 LO 2, 6, 7 Record transactions...Ch. 4 - Prob. 4.3ME Ch. 4 - Prob. 4.4ME Ch. 4 - Exercise 4.5 LO 2. 6, 7 Record transactions and...Ch. 4 - Exercise 4.6 LO 2. 6, 7 Record transactions and...Ch. 4 - Exercise 4.7 LO 6 Write journal entries Write the...Ch. 4 - Exercise 4.8 LQ 6 Write journal entries Write the...Ch. 4 - Exercise 4.9 LO 2, 6, 7 Record transactions and...Ch. 4 - Exercise 4.10 LO 2. 6, 7 Record transactions and...

Ch. 4 - Exercise 4.11 LO 2. 6, 7 Record transactions and...Ch. 4 - Exercise 4.12 LO 2, 6, 7 Record transactions and...Ch. 4 - Exercise 4.13 LO 3 Calculate retained earnings On...Ch. 4 - Prob. 4.14E Ch. 4 - Exercise 4.15 LO 6 . 7 Notes receivable-interest...Ch. 4 - Exercise 4.16 LO 6, 7 Notes payable-interest...Ch. 4 - Exercise 4.17 LO 6, 7 Effect of adjustments on net...Ch. 4 - Exercise 4.18 LO 6, 7 Effects of adjustments A...Ch. 4 - Exercise 4.19 LO 6 , 7 T-account analysis Answer...Ch. 4 - Exercise 4.20 LO 6, 7 Transaction analysis using...Ch. 4 - Problem 4.21 LO 2, 6, 7 Record transactions and...Ch. 4 - Prob. 4.22P Ch. 4 - Prob. 4.23P Ch. 4 - Problem 4.24 LO 6. 7 Calculate income from...Ch. 4 - Prob. 4.25P Ch. 4 - Prob. 4.26P Ch. 4 - Problem 4.27 LO 6. 7 Analyze several accounts...Ch. 4 - Prob. 4.28P Ch. 4 - Case 4.29LO 6, 7Capstone analytical review of...Ch. 4 - Prob. 4.30C

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