Essay
Schultz Tax Services,a tax preparation business had the following transactions during the month of June:
1.Received cash for providing accounting services,$3,000.
2.Billed customers on account for providing services,$7,000.
3.Paid advertising expense,$800.
4.Received cash from customers on account,$3,800.
5.paid cash dividends,$1,500.
6.Received telephone bill,$220.
7.Paid telephone bill,$220
Based on the information given above,calculate the balance of Cash at June 30.
Correct Answer:

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Cash,June 1 $25,000
Plus: cash receipts ...View Answer
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Correct Answer:
Verified
Plus: cash receipts ...
View Answer
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