Copper Company engaged in the following transactions during April
-What is the amount of cash still to be paid?
A)$18,000
B)$47,000
C)$94,000
D)$52,000

Question

Copper Company engaged in the following transactions during April 
-What is the amount of cash still to be paid?
A)$18,000 
B)$47,000 
C)$94,000 
D)$52,000

Quizplus · Accepted Answer

From the given transactions, we can calculate the total amount of cash paid as follows:

$150,000 (cash paid for inventory)
+ $20,000 (cash paid for rent)
+ $5,000 (cash paid for salaries)
- $50,000 (cash received from customers)
- $7,000 (cash received for interest)
= $118,000

Therefore, the amount of cash still to be paid is:

$150,000 (cash paid for inventory)
+ $20,000 (cash paid for rent)
+ $5,000 (cash paid for salaries)
- $50,000 (cash received from customers)
- $7,000 (cash received for interest)
- $100,000 (cash paid to suppliers)
= $18,000.

Hence, the correct answer is (A) $18,000.

Copper Company Engaged in the Following Transactions During April