During the Most Recent Month,Campbell Company Began Operations with a Cash

question 135

Essay

During the most recent month,Campbell Company began operations with a cash balance of $0 and made made cash sales of $162,000.During this same time period,the company paid $64,000 in cash expenses.Additionally,the company purchased supplies on account,$68,000,made sales on account,$180,000,and paid cash on account $12,000.
a.If cash at the end of the month totals $148,000,how much cash was received on account?
b.What is the total amount still to be paid?
c.What is the total amount still to be received?

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