1. Identify and list the deposits in transit at the end of December. (You may select more than one answer. Single click the box withthe question mark to produce a check mark for a correct answer and double click the box with the question mark to empty thebox for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)$28,000$37,000$19,000$14,0002. Identify and list the outstanding checks at the end of December. (You may select more than one answer. Single click the box withthe question mark to produce a check mark for a correct answer and double click the box with the question mark to empty thebox for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)$7,680$610$16,900$210$23,400$5,400 Required information[The following information applies to the questions displayed below.]The December bank statement and cash T-account for Stewart Company follow:BANK STATEMENTDateChecksDepositsOtherBalanceDecember 1$ 55,200December 6$ 7,68047,520December 11610$ 28,00074,910December 1716,90058,01095,01094,40089,64089,72089,510December 2337,000December 26610December 3023,40019,000NSF*$ 360December 31Interest earned80December 31Service charge210NSF check from J. Left, a customer.Cash (A)DebitCreditDecember 1Balance55,200Checks written duringDepositsDecember:December 1128,0007,68037,00019,00014,000December 23610December 3016,900December 3161021023,4005,400December 31Balance98,390There were no deposits in transit or outstanding checks at November 30.

Bank reconciliation statements (BRS): The corporation keeps a cash book, whereas banks keep a…

1. Identify and list the deposits in transit at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O $28,000 I $37,000 I $19,000 O $14,000 2. Identify and list the outstanding checks at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O $7,680 O$610 O $16,900 O $210 O$23,400 O $5,400

1. Identify and list the deposits in transit at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O $28,000 I $37,000 I $19,000 O $14,000 2. Identify and list the outstanding checks at the end of December. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) O $7,680 O$610 O $16,900 O $210 O$23,400 O $5,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journalize the following entries to record the adjusting entries on the books of Company YOU. Bank reconciling items:  Deposit in transit: ₱160,000 deposit on 6/29. Outstanding check: ₱380,000 Check #1116 on 6/28. Book reconciling items:  Credit memos: ₱350,000 deposit on 6/10 + ₱410,000 deposit on 6/28 = ₱760,000. Debit memos: ₱2,000 payment on 6/15 + ₱50,000 payment on 6/20 = ₱52,000.
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The following information relates the questions 18. 19, 20, 21 and 22. (Note: The following Information will also be needed to answer questions no. 19, 20, 21 and 22. You may want to take a picture or write it on a paper.) A summary of the entries in the cash ledger account of Bulacan Gardens for the month of March 2019 showed the following: Cash from Accounts: P400,000 250,000 100,000 600,000 Receivables Cash Sales Dividend Received Cash from Issue of Shares Payments for Accounts Payable Payments of Wages Purchase of Land Payment of Dividends Purchase of Service Vehicle 300,000 150,000 200,000 200,000 450,000 150,000 50,000 Payment of Taxes Payment of Interest 18. How much were the receipts from customers of Bulacan Gardens? a. P650,000 b. P250,000 c. P1,350,000 d. P400,000 19. How much were the payments to suppliers an employees of Bulacan Gardens? a. P 150,000 b. P 550,000 с. Р 300.000 d. P 450,000 20. How much was the cash flow from the operating activities of Bulacan Gardens? а. Р…
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17. Find the ending balance if the original balance was $425.32 and the followingtransactions occurred over the space of a week: wrote a check, $16;paycheck deposit, $235.21; check deposit, $30; ATM, $20; wrote a check,$63.45; deposit, $30; maintenance fee, $11; interest, $0.32.A. $609.76B. $610.40C. $650.08D. $649.76
2. Your checkbook balance was $206.42 on March 3. The check register shows your transactions since then. What should your new balance be? Trans Type Date Description of Transaction or Check # 284 DEP AT Payment / Debit ✓ Deposit / Credit (+) (-) Balance Brought Forward 3/9 Osbourne Pharmacy 3/15 ATM Deposit 3/20 Auto trans: Gen Phone 19 32 50 80 120 49 Balance
Fill out the check register that follows with this information: (Enter your answer in the order of given data. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) 2018 July 7 Check No. 482 15 Check No. 483 19 Deposit 20 Check No. 484 24 Check No. 485 29 Deposit NUMBER AOL Staples Sprint Krispy Kreme $143.50 66.10 800.00 451.88 319.24 400.30 RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT FEE (IF ANY) DATE 2018 DESCRIPTION OF TRANSACTION Balance PAYMENT/ DEBIT (-) DEPOSIT/ CREDIT (+) BALANCE $ 4,500.75
Which account are cash receipts are recorded into as a debit entry by default? A Undeposited Funds B Bank Chequing C Funds for Deposit D Cash in Bank Which form should be used to record credit card purchases? A Enter Purchase Orders B Enter Bills C Enter Credit Card Charges D Credit Card Purchases What is the default aging interval for customer accounts? A 60 days B 180 days C 90 days D 30 days
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