Question

Question 6 1 pts Augustino Company had the transactions for the month that are summarized below. a. Purchased $3,600 in supplies with cash. b. Issued 400 shares of stock for $45 per share. c. Ordered supplies at a cost of $8,000. d. Paid a utility bill for $1,000. If the Cash account had a beginning balance of $20,000, what was the balance at the end of the month? $32,600 O $25,400 O $33,400 O $40,600

Answer 1

1. Assuming shares are issued at cash and also remaining all transactions made at cash
2. Under trail balance debit side amount is equals to credit side amount, so that the balancing figure considered as cash balance
3. 
   Cash recrunt Bu ang mga Particolas و مرا برای کار روک Openting balores 90 Dars of stocks Choox 45) By pro by oklity 18,000 By supplies By closing balans 5514 3% Ophon - B) Trail balance of thosom Company ஆம் | (b) credit Debit Particles 30, boo 30, too Accounts payable Notes payable 30,000 Common stock 13,500 . Equipment US,000 Lond 2100 6 caun (blf) 90,600 Total 90,600 Cash (blf) = 30,600 + 60, 120 – 30,000 -13500 - usao = $2100 - option (C)