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accounting chapter 8 Diltex Farm Supply is located in a small town in the rural west: The cost of December merchandise purchases would be: A

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accounting chapter 8

1. Diltex Farm Supply is located in a small town in the rural west: The cost of December merchandise purchases would be:
   A. $133,250
   B. $68,250
   C. $130,000
   D. $143,000
2. Diltex Farm Supply is located in a small town in the rural west: December cash disbursements for merchandise purchases would be:
   A. $136,500
   B. $68,250
   C. $133,250
   D. $130,000
3. Diltex Farm Supply is located in a small town in the rural west: The difference between cash receipts and cash disbursements for December would be:
   A. $17,900
   B. $22,500
   C. $40,400
   D. $62,900
4. Diltex Farm Supply is located in a small town in the rural west:The net income for December would be:
   A. $40,400
   B. $22,500
   C. $47,500
   D. $28,500
5. Diltex Farm Supply is located in a small town in the rural west: The cash balance at the end of December would be:
   A. $116,900
   B. $16,000
   C. $100,900
   D. $56,400
6. Diltex Farm Supply is located in a small town in the rural west: The accounts receivable balance, net of uncollectible accounts, at the end of December would be:
   A. $82,000
   B. $113,400
   C. $60,000
   D. $54,000
7. Diltex Farm Supply is located in a small town in the rural west: Accounts payable at the end of December would be:
   A. $65,000
   B. $68,250
   C. $130,000
   D. $133,250
8. Diltex Farm Supply is located in a small town in the rural west: Retained earnings at the end of December would be:
   A. $132,500
   B. $155,000
   C. $196,500
   D. $183,900
9. Brarin Corporation is a small wholesaler of gourmet food products: Expected cash collections in December are:
   A. $360,000
   B. $149,600
   C. $198,000
   D. $347,600
10. Brarin Corporation is a small wholesaler of gourmet food products: The cost of December merchandise purchases would be:
    A. $272,000
    B. $288,000
    C. $196,000
    D. $282,400