Homework Answers
Adjusted cash balance
| Unadjusted balance | 8600 |
| Printing charges | -35 |
| Interest earned | 40 |
| Adjusted cash balance per book | 8605 |
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Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....
Question 4 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is...
Question 4 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. At August 31, Cullumber Company has a cash balance per books of $9,700 and the following additional data from the bank statement: charge for printing Cullumber Company checks $35 and interest earned on checking account balance $40. In addition, Cullumber Company has outstanding checks of $980. Determine the adjusted cash balance per books at August 31. The adjusted cash balance per books at...
Question 1 2.17/7 View Policies Show Attempt History Current Attempt in Progress The following information pertains...
Question 1 2.17/7 View Policies Show Attempt History Current Attempt in Progress The following information pertains to Waterway Video Company. 1. Cash balance per bank, July 31, $7,863. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,884. 4. Deposits in transit, July 31, $1,800. 5. Bank collected $1,200 note for Waterway in July, plus interest $45, less fee $29. The collection has not been recorded by Waterway, and no interest...
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect....
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On January 1, 2017, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January 1 for each of the next four years. The proper balance shee presentation on December 31, 2017, is: Current liabilities, $2320000. Long-term debt, $2320000. Current liabilities, $580000; Long-term Debt, $1160000. Current liabilities, $580000; Long-term Debt, $1740000. e Textbook and Media Attempts: 2 of...
SHERIDAN COMPANY Bank Reconciliation Question 7 View Policies Current Attempt in Progress The following information pertains...
SHERIDAN COMPANY Bank Reconciliation Question 7 View Policies Current Attempt in Progress The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has...
Question 1 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company acquired 30% of...
Question 1 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company acquired 30% of the outstanding common stock of Grinwold Inc. on January 1, 2022, by paying $2,250,000 for 75,000 shares. Grinwold declared and pald a $1 per share cash dividend on June 30 and again on December 31, 2022. Grinwold reported net income of $1,000,000 for the year. Your answer is correct. Prepare the Journal entries for Ivanhoe Company for 2022, assuming Ivanhoe cannot exercise significant influence...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash balance per books, August 31. 57424 2 Cash balance per bank, August 31. 57,388 2. Outstanding checks, August 31,5697. Augustbark service charge not recorded by the depositor $49. 5. Deposits in transit, August 31.93.160. In addition, 52.476 collected for Sandhill Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sandhill Comp Prepare a bank reconciliation...
Question 3 View Policies Show Attempt History Current Attempt in Progress • Your answer is partially...
Question 3 View Policies Show Attempt History Current Attempt in Progress • Your answer is partially correct. Use the basic accounting equation to answer these questions. (a) The liabilities of Ivanhoe Company are $96,300 and the stockholders' equity is $277,000. What is the amount of Ivanhoe's total assets? Total assets $ 373300 (b) The total assets of Tamarisk Company are $184,000 and its stockholders' equity is $88,000. What is the amount of its total liabilities? Total liabilities $ 96000 (c)...
0/1 Question 5 View Policies Show Attempt History Current Attempt in Progress * Your answer is...
0/1 Question 5 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. most Deere and Bros. is a broker that brings new issues of small firms to the public market. Its Vista, Inc., had the following characteristics: Number of shares: 1,400,000 Proceeds to Carla Vista: $13,900,000 Price to public: $19 per share The legal fees were $ 155,000, printing costs were $57,500, and all the other expenses were $71,000. What is the profit or loss...
Question 1 --/1 View Policies Current Attempt in Progress Helen Sells is unable to reconcile the...
Question 1 --/1 View Policies Current Attempt in Progress Helen Sells is unable to reconcile the bank balance at January 31. Helen's reconciliation is shown here. $4,297.20 Cash balance per bank Add: NSF check 595.00 51.50 Less: Bank service charge $4,840.70 Adjusted balance per bank $4,595.20 Cash balance per books Less: Deposits in transit 566.50 915.00 Add: Outstanding checks $4,943.70 Adjusted balance per books (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places,...
Question 4 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. At August 31, Cullumber Company has a cash balance per books of $9,700 and the following additional data from the bank statement: charge for printing Cullumber Company checks $35 and interest earned on checking account balance $40. In addition, Cullumber Company has outstanding checks of $980. Determine the adjusted cash balance per books at August 31. The adjusted cash balance per books at...
Question 1 2.17/7 View Policies Show Attempt History Current Attempt in Progress The following information pertains to Waterway Video Company. 1. Cash balance per bank, July 31, $7,863. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,884. 4. Deposits in transit, July 31, $1,800. 5. Bank collected $1,200 note for Waterway in July, plus interest $45, less fee $29. The collection has not been recorded by Waterway, and no interest...
Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...
Question 1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On January 1, 2017, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January 1 for each of the next four years. The proper balance shee presentation on December 31, 2017, is: Current liabilities, $2320000. Long-term debt, $2320000. Current liabilities, $580000; Long-term Debt, $1160000. Current liabilities, $580000; Long-term Debt, $1740000. e Textbook and Media Attempts: 2 of...
SHERIDAN COMPANY Bank Reconciliation Question 7 View Policies Current Attempt in Progress The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has...
Question 1 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company acquired 30% of the outstanding common stock of Grinwold Inc. on January 1, 2022, by paying $2,250,000 for 75,000 shares. Grinwold declared and pald a $1 per share cash dividend on June 30 and again on December 31, 2022. Grinwold reported net income of $1,000,000 for the year. Your answer is correct. Prepare the Journal entries for Ivanhoe Company for 2022, assuming Ivanhoe cannot exercise significant influence...
View Policies Current Attempt in Progress The following information pertains to Sandhill Company Support 1. Cash balance per books, August 31. 57424 2 Cash balance per bank, August 31. 57,388 2. Outstanding checks, August 31,5697. Augustbark service charge not recorded by the depositor $49. 5. Deposits in transit, August 31.93.160. In addition, 52.476 collected for Sandhill Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sandhill Comp Prepare a bank reconciliation...
Question 3 View Policies Show Attempt History Current Attempt in Progress • Your answer is partially correct. Use the basic accounting equation to answer these questions. (a) The liabilities of Ivanhoe Company are $96,300 and the stockholders' equity is $277,000. What is the amount of Ivanhoe's total assets? Total assets $ 373300 (b) The total assets of Tamarisk Company are $184,000 and its stockholders' equity is $88,000. What is the amount of its total liabilities? Total liabilities $ 96000 (c)...
0/1 Question 5 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. most Deere and Bros. is a broker that brings new issues of small firms to the public market. Its Vista, Inc., had the following characteristics: Number of shares: 1,400,000 Proceeds to Carla Vista: $13,900,000 Price to public: $19 per share The legal fees were $ 155,000, printing costs were $57,500, and all the other expenses were $71,000. What is the profit or loss...
Question 1 --/1 View Policies Current Attempt in Progress Helen Sells is unable to reconcile the bank balance at January 31. Helen's reconciliation is shown here. $4,297.20 Cash balance per bank Add: NSF check 595.00 51.50 Less: Bank service charge $4,840.70 Adjusted balance per bank $4,595.20 Cash balance per books Less: Deposits in transit 566.50 915.00 Add: Outstanding checks $4,943.70 Adjusted balance per books (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places,...
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