Kristoff walker operates his own catering service. summary financial data for february are presented in equation form as follows. each line designated by a number indicates the effect of a transaction on the equation. each increase and decrease in owner's equity, except transaction (5), affects net income..
assets = liabilities + owner's equity
cash + supplies + land = accounts payable + kristoff walker, capital - kristoff walker, drawing + fees earned - expenses
bal. 34,700 4,500 86,800 9,400 116,600
1. +40,600 +40,600
2. -17,400 +17,400
3. -30,200 -30,200
4. +1,700 +1,700
5. -2,300 -2,300
6. -8,300 -8,300
7. -3,500 -3,500
bal. 17,100 2,700 104,200 2,800 116,600 -2,300 40,600 -33,700.
what is the amount of the net decrease in cash during the month?
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Ответ:
- $17,600
Explanation:
The computation of the net decrease in cash during the month is shown below:
= $40,600 - $17,400 - $30,200 - $2,300 - $8,300
= - $17,600
After calculating the items which are presented in the column 1 represent the net decrease in cash for $17,600 amount.
The net decrease in cash represents an outflow of cash. In this, the chances of loss may be higher than the loss.
Ответ: