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.
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Modos Company has deposited $3,500 in checks received from
customers. It has written $1,400 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 $4,080 in checks received from customers. It has written $1,510 in checks...
Modos Company has deposited $4,080 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $440. If $3,550 of its customers' checks have cleared, but only $440 of its own, calculate its float. Multiple Choice $640 o $540 o $970 o o $690
The following details relating to the Coco Company were revealed after an analysis of its cash...
The following details relating to the Coco Company were revealed after an analysis of its cash account at December 31, 20x2: Balance in bank account $39158 Cheques written by Coco Company to suppliers that 12242 have not cleared the bank account Cheques received from customers dated December 31 15265 0x2 recorded on the books. but not yet deposited An the current asset section of Coco's Balance Sheet as at December 31. 20x2, how much should be reported as cash? Select...
36. Westmoreland Bank ends a Wednesday with $4,544,500 in its reserve account. On Thursday its customers...
36. Westmoreland Bank ends a Wednesday with $4,544,500 in its reserve account. On Thursday its customers deposits $345,660 in checks, and on Friday they deposit $467,845 in checks, both clearing on the day deposited. On Thursday and Friday, $266,890 and $351,115, respectively, in checks written by the bank's customers are cleared. In addition, the Fed picks up $100,000 in currency on Friday from Westmoreland to return to the Fed's vaults. How much does Westmoreland Bank have in its reserve account...
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...
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...
Exercise 8-11 Bank reconciliation and adjusting entries LO P3
Exercise 8-11 Bank reconciliation and adjusting entries LO P3A 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.)Exercise 8-11 Bank reconciliation and...
A company has the following cash transactions for the period. Accounts Amounts Cash received from sale...
A company has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers Çash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders...
Oriole Company has just received the August 31, 2020, bank statement, which is summarized below. County...
Oriole Company has just received the August 31, 2020, bank statement, which is summarized below. County National Bank Disbursements Receipts Balance Balance, August 1 $11,674 Deposits during August $40,121 51,795 Note collected for depositor, including $50 interest 1,296 53,091 Checks cleared during August $42,987 10,104 Bank service charges 25 10,079 Balance, August 31 10,079 The general ledger Cash account contained the following entries for the month of August. Cash Balance, August 1 12,522 Disbursements in August 43,493 Receipts during August...
Each business day, on average, a company writes checks totaling $13,600 to pay its suppliers. The...
Each business day, on average, a company writes checks totaling $13,600 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $24,600. The cash from the payments is available to the firm after two days. a. Calculate the company’s disbursement float, collection float, and net float. (A negative answer should be indicated by a minus sign. Do not round...
Modos Company has deposited $4,080 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $440. If $3,550 of its customers' checks have cleared, but only $440 of its own, calculate its float. Multiple Choice $640 o $540 o $970 o o $690
The following details relating to the Coco Company were revealed after an analysis of its cash account at December 31, 20x2: Balance in bank account $39158 Cheques written by Coco Company to suppliers that 12242 have not cleared the bank account Cheques received from customers dated December 31 15265 0x2 recorded on the books. but not yet deposited An the current asset section of Coco's Balance Sheet as at December 31. 20x2, how much should be reported as cash? Select...
36. Westmoreland Bank ends a Wednesday with $4,544,500 in its reserve account. On Thursday its customers deposits $345,660 in checks, and on Friday they deposit $467,845 in checks, both clearing on the day deposited. On Thursday and Friday, $266,890 and $351,115, respectively, in checks written by the bank's customers are cleared. In addition, the Fed picks up $100,000 in currency on Friday from Westmoreland to return to the Fed's vaults. How much does Westmoreland Bank have in its reserve account...
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...
Exercise 8-11 Bank reconciliation and adjusting entries LO P3A 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.)Exercise 8-11 Bank reconciliation and...
A company has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers Çash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300) Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders...
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