Write the answers to the following questions in the space provided. 1. What is the total amount of purchase orders for the period? 2. What is the total amount of purchase invoices for the period? 3. What is the total amount of sales invoices for the period? 4. What are the total debits and total credits shown on the Purchases Journal report? Total debits: Total credits: 5. What are the total debits and total credits shown on the Cash Payments Journal report? Total debits: Total credits: 6. What are the total debits and total credits shown on the Sales Journal report? Total debits: Total credits: 7. What are the total debits and total credits on the Cash Receipts Journal report? Total debits: Total credits: 8. From the schedule of accounts payable, what is the total amount owed to all vendors? 9. From the schedule of accounts receivable, what is the total amount owed to Copier Solutions? 10. From the statement of account for J & M Construction Co., what is the current account balance? 11. How many items were sold during the month? 12. What is the total amount of yearly sales? 13. From the income statement, what is the monthly cost of merchandise sold? 14. From the statement of owner’s equity, what is Susan Taylor’s capital at the end of the month? 15. From the balance sheet, what are the total assets? 16. From the balance sheet, what are the total liabilities? 17. How much under budget is operating revenue at this point in the fiscal year? 18. How much under budget is the total operating expenses at this point in the fiscal year? 19. How much under budget is the net income at this point in the fiscal year? 20. From the Retirement Plan, what is the amount of the annual retirement contribution?
Write the answers to the following questions in the space pr…
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