16. What is the adjusted cash balance on November 30, 2020?17. What is the adjusted cash balance on December 31, 2020? The following information pertains to Cuay Corporation, whose deposits in transit totaled P49,000at December 31, 2020:Cuay CorporationBANK RECONCILIATIONNovember 30, 2020P 435,000Balance per bank statementLess: Outstanding checksCheck No. 4321P 6,00015,000Check No. 4329Check No. 43401,700Check No. 43414,67527,375P 407,62516,200P 423,825TotalAdd: Deposits in transitBalance per booksCHECK REGISTERDecember 2020VouchersDateРayeeCheck No.DiscountCashPаyableP 10,000 P4,2003,75512,00096,0006,30014,2007,00010,00098,000P 9,5004,2003,75511,88096,0006,30014,0587,00010,00098,000Dec.1San Beda, Inc.43425003 Miriam Corporation743434344UE Enterprises12 PSBA Corporation15 Pаyroll16 BU, Inc.18 New Era Company21 UST, Inc.4345120434643474348142434922 Petty cash fund28 Payroll43504351TotalP 261,455762P 260,693 BANK STATEMENTPage 1 of 1BANKABLE BANKPERIOD: November 30, 2020 to December 31, 2020No.: 001-43-44DescriptionBalance last statementCheck No.DateDebitCreditBalanceP 435,000451,200436,200426,700422,025471,025466,825480,825477,070381,070371,070273,070272,070273,620Dec. 1 Cash depositP 16,2001 Check issued4 Check issuedP 15,0009,5004,675432943424 Check issued43415 Check deposit6 Check issued8 Check deposit49,00043434,20014,0003,75596,00010,00098,0001,00010 Check issued434415 Encashment434622 Encashment435028 Encashment435129 Debit memo - BSC29 Credit memo - interest1,550

Answered: 16. What is the adjusted cash balance…

Business

Accounting

16. What is the adjusted cash balance on November 30, 2020? 17. What is the adjusted cash balance on December 31, 2020?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Which of the following is an appropriate method of computing free cash fl ow to the fi rm? A . Add operating cash fl ows to capital expenditures and deduct after-tax interest payments.
Qw.02. Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable Sales Cost of goods sold Accounts receivable Numerator: 2024: 2023: Numerator: 2024 $ 463,414 234,107 22,522 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Numerator: I 1 1 1 Trend Percent for Net Sales: 2023 $ 306,897 155,099 17,861 1 1 1 I 1 2022 2021 $ 249,510 $ 175,095 128,255 89,348 10,226 17,042 Trend Percent for Cost of Goods Sold: Denominator: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 7 Denominator: 7 1 Trend Percent for Accounts Receivable: Denominator: 2022: 2021: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = E # = S U = E = = 2020 $ 129,700 64,850 8,871 Trend percent Trend percent Trend percent 1% %6 % % % % 196 196 56…
In an inflationary period, what is the difference between (a) inflated dollars and “then-current” future dollars, and (b) “then-current” future dollars and constant-value future dollars?
What are the Conditions for Accrual of Paid Future Absences?
What are three reasons that cash is worth more today than cash to be received in the future?
What is the estimated worth today of an amount of cash to be received (or paid) in the future called? contract value discount value premium value present value
Listen The future value of $100 deposited today (assuming positive interest rates and a time difference between the present and the future): 1) will always be less than $100. 2) will always be equal to $100. 3) will always be greater than $100. depending on the exact interest rate and on the precise amount of time difference between the present and the future, can be less than $100, greater than $100, or equal to $100. 5) None of the statements above are correct. 4)
1) Find the PW, AW and FW of the following cashflow if the interest rate compound semiannually. P-7 i-10% --14%- Year $100 $100 S100 $100 $100 S160 S160 SIGD
In 2018, the yen went from $0.00887619 to $0.00906626. • By how much did the yen appreciate against the dollar? • By how much has the dollar depreciated against the yen?
What is George's monthly cash flow? (include negative sign if needed)
82. In addition to the three basic financial statements, which of the following is also a required financial statement? A) the Statement of Cash Flows B) the "Cash Budget C) the Cash Reconciliation" D) the Statement of Cash Inflows and Outflows