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Calculate the closing balance of the control account

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Q1. If the Johnson Company has the following opening account balances for individual debtors: $4 000, $5 000, $2 000; and cash received from debtors during the period amounted to $3 000, then calculate the closing balance of the control account for accounts receivable?

Q2. Gojo Company purchased inventory with an invoice price of $2,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Gojo Company pays within the discount period? 3.Boss Ltd received its monthly bank statement showing a balance of $16 785 Cr at 30 June. On this date cash received from ratepayers and not yet deposited at the bank totalled $5784 and outstanding cheques were $322. Calculate the amount to appear as cash at bank on the 30 June balance sheet?

Reference no: EM132578306

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