a. Paylate Corporation wrote the check and put it in his office mail slot on December 30 of this year, but Clyde did not bother to stop by the office to pick it up until after year-end.
Amount to be included=
b. Paylate Corporation mistakenly wrote the check for $220. Clyde received the remaining $1,380 after year-end.
Amount to be included=
c. Paylate Corporation mailed the check to Clyde before the end of the year (and it was delivered before year-end). Although Clyde expected the bonus payment, he decided not to collect his mail until after year-end.
Amount to be included=
Homework Answers
a) Amount to be Included = $0 ( Because, even though the Paylate Corporation worte the check before 31st December of this year, but the same was collected by Clyde post year end. It is assumed that the check was deposited by Clyde post 31st December at Bank)
b) Amount to be Included = $ 220
c) Amount to be Included = $ 1600 (Because, the mail was delivered before the year end)
Add Answer to:
a. Paylate Corporation wrote the check and put
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