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Modos Company has deposited $4,080 in checks received from customers. It has written $1,510 in checks...
Modos Company has deposited $4,120 in checks received from customers. It has written $1,590 in checks...
Modos Company has deposited $4,120 in checks received from customers. It has written $1,590 in checks to its suppliers. The initial bank and book balance was $430. If $3,470 of its customers' checks have cleared, but only $430 of its own, calculate its float. Multiple Choice $610 $510 $1,080 $660
Modos Company has deposited $3,500 in checks received from customers. It has written $1,400 in checks...
Modos Company has deposited $3,500 in checks received from customers. It has written $1,400 in checks to its suppliers. The initial bank and book balance was $600. If $1,600 of its customers' checks have cleared, but only $600 of its own, calculate its float.
Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks...
Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks generally clear the bank 25 days after they are written. In addition, the firm generally receives 59 checks with an average amount of $559 each. Deposited amounts are available after an average of 2 days. What is the firm's disbursement float Η Ο Ο S10,267 Ο SS5695 Ο 565 962 Ο Silver Eyes, Inc., has an average collection period of 2375 days and its...
As of December 31, Year 1, Valley Company has $13,670 cash in its checking account, as...
As of December 31, Year 1, Valley Company has $13,670 cash in its checking account, as well as several other items listed below: Bank credit card slips signed by customers $ 1,200 Money market fund balance $ 19,000 Investment in U.S. Treasury bills, mature within 90 days $ 40,000 Checks received from customers, but not yet deposited in the bank $ 1,560 Investment in 4,500 shares of Coca-Cola capital stock $ 48,000 What amount should be shown in Valley's December...
A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance
A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the item should be added to or subtracted from the book or bank balance, and whether it should or should not appear on the reconciliation. (Select the answers in the appropriate cells. Leave no cells blank. Be certain to select "NA" in fields which are not applicable.) 1. NSF check from a customer is shown on the bank statement but...
Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and...
Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and $52.500 to the bank for a long-term loan. Customers owe the company $41,000 for their purchases. The inventory has a book value of $76,800 and an estimated market value of $72,000. If the store compiled a balance sheet as of today, what would be the book value of the current assets? Multiple Choice O $144,000 O $86,000 $140,300 $135,500 TO O 0 $79.500
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is...
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is shown on the bank statement but not yet recorded by the company 2. Checks written by another depositor but mistakenly charged against this companya€ s account. 3. Outstanding checks to suppliers existed at the end of September Check written against the company's account and cleared by the bank; erroneously not recorded by the company's recordkeeper 5. Bank service charge for September is not yet...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ %...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ % à On October 31, 2018, the bank statement shows that your company has $14,156.73 in its checking account. You are aware of three outstanding checks that total of $3,912.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 954.19 because of insufficient funds and charged you $36.00 in service fees. You had not yet received notice about the bad checks,...
On January 1, Pulse Recording Studio (PRS) had the following account balances. Accounts Payable $ 8,200...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
thx as soon as possible Q.056 Angie Company has the following accounts that were extracted from...
thx
as soon as possible
Q.056 Angie Company has the following accounts that were extracted from the income statement: Beginning inventory $10,000 45,000 Gross sales Freight-in 3,000 Sales returns 5,000 Ending inventory 10,000 Purchases 15,200 The cost of sales is: Select one: a. $40,000 b. $35,200 c. $18,200 d. $19,000 0.065 Angie Ltd uses perpetual inventory system. The following is a summary of the purchases and sales of product C during August. Balance on hand 1 August 10 units $10...
Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks generally clear the bank 25 days after they are written. In addition, the firm generally receives 59 checks with an average amount of $559 each. Deposited amounts are available after an average of 2 days. What is the firm's disbursement float Η Ο Ο S10,267 Ο SS5695 Ο 565 962 Ο Silver Eyes, Inc., has an average collection period of 2375 days and its...
Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and $52.500 to the bank for a long-term loan. Customers owe the company $41,000 for their purchases. The inventory has a book value of $76,800 and an estimated market value of $72,000. If the store compiled a balance sheet as of today, what would be the book value of the current assets? Multiple Choice O $144,000 O $86,000 $140,300 $135,500 TO O 0 $79.500
Item Bank Balance Book Balance Sho Sh Rec 4 1. NSF check from a customer is shown on the bank statement but not yet recorded by the company 2. Checks written by another depositor but mistakenly charged against this companya€ s account. 3. Outstanding checks to suppliers existed at the end of September Check written against the company's account and cleared by the bank; erroneously not recorded by the company's recordkeeper 5. Bank service charge for September is not yet...
Picture Tools Screenshots hotos - 2019-11-03 (41).png See all photos + Add to Qo ♡ % à On October 31, 2018, the bank statement shows that your company has $14,156.73 in its checking account. You are aware of three outstanding checks that total of $3,912.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 954.19 because of insufficient funds and charged you $36.00 in service fees. You had not yet received notice about the bad checks,...
On January 1, Pulse Recording Studio (PRS) had the following
account balances.
Accounts Payable
$
8,200
Accounts Receivable
6,900
Accumulated Depreciation—Equipment
6,700
Cash
3,640
Cash Equivalents
1,640
Common Stock
10,400
Deferred Revenue
3,900
Equipment
30,300
Notes Payable (long-term)
12,400
Prepaid Rent
3,420
Retained Earnings
4,810
Supplies
510
The following transactions occurred during January.
Received $2,420 cash on 1/1 from customers on account for
recording services completed in December.
Wrote checks on 1/2 totaling $4,370 for amounts owed on account
at...
thx
as soon as possible
Q.056 Angie Company has the following accounts that were extracted from the income statement: Beginning inventory $10,000 45,000 Gross sales Freight-in 3,000 Sales returns 5,000 Ending inventory 10,000 Purchases 15,200 The cost of sales is: Select one: a. $40,000 b. $35,200 c. $18,200 d. $19,000 0.065 Angie Ltd uses perpetual inventory system. The following is a summary of the purchases and sales of product C during August. Balance on hand 1 August 10 units $10...
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