Specify which of the following cash transactions would have resulted in the $4,100 posting to the account. (You select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.)
Receiving cash from customers
Issuing stock
Borrowing money
Selling assets
Repayment of debt
Paying cash for rent
Specify which of the following cash transactions would have resulted in the $1,750 posting to the account. (You select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.)
Paying cash for supplies
Paying cash for utilities
Repayment of debt
Paying cash for rent
Paying cash for equipment
Paying cash for employee salaries
Payment of dividends
Selling assets
The cash transactions that would have resulted in a $4,100 posting to the account are:
- Receiving cash from customers
- Selling assets
The cash transactions that would have resulted in a $1,750 posting to the account are:
- Paying cash for utilities
- Paying cash for equipment
- Paying cash for employee salaries
To determine which cash transactions would have resulted in the $4,100 posting to the account, we need to consider transactions that increase the cash balance. These include:
- Receiving cash from customers: This transaction increases the cash balance as customers pay for goods or services.
- Borrowing money: When a company borrows money, the cash received increases the cash balance.
- Selling assets: If a company sells assets, such as property or equipment, the cash received from the sale increases the cash balance.
Thus, the correct answers for the $4,100 posting are:
- Receiving cash from customers
- Borrowing money
- Selling assets
To determine which cash transactions would have resulted in the $1,750 posting to the account, we need to consider transactions that decrease the cash balance. These include:
- Paying cash for supplies: This transaction decreases the cash balance as the company pays for supplies purchased.
- Paying cash for utilities: When a company pays its utility bills, the cash balance decreases.
- Paying cash for rent: Cash payments for rent decrease the cash balance.
- Paying cash for equipment: When a company purchases equipment and pays in cash, the cash balance decreases.
- Paying cash for employee salaries: Cash payments to employees for salaries decrease the cash balance.
Thus, the correct answers for the $1,750 posting are:
- Paying cash for supplies
- Paying cash for utilities
- Paying cash for rent
- Paying cash for equipment
- Paying cash for employee salaries