181.The chart of accounts classifies the accounts to make identification of the accounts easier. Describe the numberingsystem businesses use in setting up the chart of accounts.
182.On January 31, the cash account balance was $96,750. During January, cash receipts totaled $305,000 and cashpayments totaled $375,880. Determine the cash balance on January 1.
183.Organize the following accounts into the usual sequence of a chart of accounts.
Miscellaneous ExpenseAccounts PayableAccounts ReceivableCash
Common StockFees EarnedPrepaid RentSalaries ExpenseUnearned RevenueDividends
184.Calculate the following:
(a)Determine the cash receipts for April based on the following data:
Cash payments during April$63,000
Cash account balance, April 125,500
Cash account balance, April 3031,750
Accounts receivable account balance, April 1$22,500
Accounts receivable account balance, April 3015,250
Fees billed to customers during April45,000