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Business, 13.09.2021 20:40 amazinpye

1. Cash includes $ 1,200 in a petty cash fund and $ 12,270 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $ 46,410 and (b) allowance for doubtful accounts $ 3,500. 3. Inventory costing $ 5,151 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables in the amount of $ 5,151 were recognized on these consigned goods. 4. Equipment had a cost of $ 114,410 and an accumulated depreciation balance of $ 30,410. 5. Income taxes payable of $ 6,000 were accrued on July 31. Splish Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount.

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1. Cash includes $ 1,200 in a petty cash fund and $ 12,270 in a bond sinking fund. 2. The net accoun...
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