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The Following Two Situations Are Independent of Each Other

Question 157

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The following two situations are independent of each other.
1. On June 1, the cash account balance was $45,750. During June, cash payments totaled $243,910 and the June 30 balance was $53,200. Determine the cash receipts during June and show your calculation.
2. On March 1, the supplies account balance was $1,800. During March, supplies of $2,450 were purchased and $630 of supplies were on hand as of March 31. Determine the supplies expense for March and show your calculation.

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1. $53,200 = $45,750 + Cash re...

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