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Nixon Corporation was started on January 1, 2012. The company entered into the following transactions during the year (Assume all transactions involve cash):
1) Acquired $2,300 of capital from the owners.2) Purchased $430 of direct raw materials.3) Used $330 of these direct raw materials in the production process.4) Paid production workers $530 cash.5) Paid $330 for manufacturing overhead (applied and actual overhead are the same).6) Started and completed 250 units of inventory.7) Sold 180 units at a price of $6 each.8) Paid $170 for selling and administrative expenses.
The balance sheet reported a begin n in g balance o f Rs. 23,000 in Accounts Receivable and an endin g balance o f Rs . 16,000 . The inco me statement reported. Sales Revenue of Rs. 230,000. Using this information, what will be the amount of cash c..
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