Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during august 2024, eugene manufacturing had the f

During August 2024, Eugene Manufacturing had the following cash receipts and disbursements: Cash...

70.2K

Verified Solution

Question

Accounting

image

During August 2024, Eugene Manufacturing had the following cash receipts and disbursements: Cash received from customers Cash received from selling equipment Cash paid for salaries Cash paid to suppliers for inventory purchase $350,000 11,200 47,000 140,000 In addition, the following balance sheet account balances were shown on Eugene's books: August 31 $140,000 July 31 $128,000 Accounts receivable Inventory Accounts payable Salaries payable 33,000 25,000 21,000 24,000 8,000 5,000 Assume all sales and purchases are on account. Required: 1. Determine sales for August 2024 2. Determine salary expense for August 2024. 3. Determine cost of goods sold for August 2024

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

a broadway theatre has 600 seats, divided into orchestra, main, and balcony seating. orchestra seats sell...

Basic Math
Q

Let α, β be cuts as defined by the following: 1) α ≠ ∅ and α...

Advance Math
Q

Hydrogen sulfide decomposes according to the following reaction,for which Kc = 9.30 multiplied by 10-8 at...

Chemistry
Q

Whistleblowing by engineers involving in a project is very crucial as it may prevent untoward incident...

Civil Engineering
Q

7 The height of an object thrown from a cliff is modeled by h t...

Calculus
Q

What is the period of the function f x 10 O5T O cos 10x

Algebra
Q

Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are...

Accounting
Q

Dividends Per Share common

Accounting
Q

2018 Revenue $16,564,208 2018 NOPAT $1,509,158 2018 NOA $12,315,766 2017 NOA $8,819,620 Calculate: RNOA

Accounting
Q

Which of the following statements regarding the fixed asset turnover ratio is true? a....

Accounting
Q

What is substance over form and off balance sheet finance? Discuss the concept of substance...

Finance
Q

m-2=

Accounting