Homework Answers
1. Opening Balance= Closing balance+ Cash disbursement - Cash Receipt
76440+31360-54880= 52920
Answer: Option A :52920
2. Balance at January 2022 = Closing balance (December 2022)+ Cash disbursement+ Purchase of equipment - Cash Receipts - Additional owner Investment.
54600+16800+12000 - 29400 -10000= 44000
Answer = 44000
Note : Answer will be 44000. But there is no option in the above list.
3. Total credit balance will be the total liabilities items and revenue items . so
total credit= Accounts payable+ notes payable+ Revenue
= 3250+4870+33640= 41760
4. Free cash flow is the amount left over after meeting the expenditures.
161200 - 10660 - 17400= 148800
5. balance = Net income - dividend
8430- 2480= 5950 credit
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