In preparing its bank reconciliation for the month of April 2019, Haskins, Inc. has available the followinginformation.Balance per bank statement, 4/30/19$27,280NSF check returned with 4/30/19 bank statement900Deposits in transit, 4/30/197,000Outstanding checks, 4/30/1910,400Bank service charges for April40What should be the adjusted cash balance at April 30, 2019?Select one:a. $23,840b. $23,880c. $22,980d. $22,940

BRS is the statement which gives the reasons for difference in bank column and bank statement.

Answered: 4/30/19 bank statement 900 /19 7,000…

Business

Accounting

4/30/19 bank statement 900 /19 7,000 0/19 10,400 April 40 usted cash balance at April 30, 2019?

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

Amount financed $8300 number of payments 36 apr 11% what's the finance charge and monthly payment amount
Date 11/1/22 11/1/23 11/1/24 11/1/25 Total Cash Paid 500,000 500,000 500,000 500,000 1,500,000 Date 12/31/2022 11/1/23 Interest Expense 113908 Amount Interest Expense Cash Building 79160 41284 (Continued on the next page) Problem III (continued): Part C: In the general journal below, prepare the 12/31/22 adjusting entry for accrued interest and the entry to record the first installment payment on 11/1/23. Round interest calculations to the nearest whole month and dollar. Interest Expense 234353 Reduction in CV 386092 420840 458716 1265647 Carrying Value (CV) 1265647 879556 458716 Debit Credit
Question Content Area Assuming a 360-day year, the interest charged by the bank, at the rate of 7%, on a 90-day, discounted note payable of $91,392 is a.$3,199 b.$91,392 c.$6,397 d.$1,599
Zovio (ZVO) Dec. 31, 2020 Dec. 31, 2019 Cash 69,280 166,307 Accounts receivable, less allowance of $13,712 and $12,180 in 2020 and 2019, respectively 34,951 27,015 Other current assets 46,313 38,942 Total current assets $ 150,544 $ 232,264 Zovio is a for-profit provider of higher education. In this industry, investors follow uncollectible accounts closely. If write-offs in 2020 were $14,720, what journal entry did Zovio make in 2020 to record bad debt expense? b. In 2020, Zovio earned tuition revenue of $417,795. Assume all of this was on account. If write-offs were $14,720, how much cash did Zovio collect in 2020 from students for tuition? Remember to show your work.
Notes 2022 2021ASSETS Cash on hand 1,404,561 2,529,876Statutory deposits with Central Banks 7,508,221 7,045,773Due from banks 9,178,784 12,425,341Treasury Bills 8,400,605 4,934,664Advances 4 56,829,415 55,515,628Investment securities 5 19,953,780 19,259,501Investment interest receivable 203,693 205,204Investment in associated companies 6 62,603 55,961Premises and equipment 7 3,255,758 3,218,670Right-of-use assets 8 (a) 398,405 477,858Intangible assets 9 1,143,560 1,171,222Pension assets 10 (a) 1,200,717 1,415,216Deferred tax assets 11 (a) 316,556 246,214Taxation recoverable 49,290 72,817Other assets 12 1,071,755 594,950 TOTAL ASSETS 110,977,703 109,168,895 LIABILITIES AND EQUITYLIABILITIES Due to banks 445,410 155,985Customers’ current, savings and deposit accounts 13 87,586,189 86,609,634Other fund raising instruments 14 4,461,931 4,618,554Debt securities in issue 15 1,674,719 1,865,895Lease liabilities 8 (b) 420,088 482,867Pension liability 10 (a) 40 25,356Provision for…
FULL HD-1080- Q @ 2 P W S F3 # 3 E D Current assets Cash Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities Additional information: (in thousands) Allowance for doubtful accounts Credit sales Cost of goods sold F4 O $ 4 R F DIO % 5 F6 (in thousands) € T 2021 $30 $ 91 $ 60 A 55 6 671 624 41 2021 $ 1,421 $ 1,311 $ 882 $ 826 H O M 4,175 Y 2,909 2020 H $ 50 $ 45 FB & 7 60 582 A 526 52 2020 3,901 2,645 U 2019 * 8 40 498 581 29 $ 1,208 $ 756 2019 $ 40 3,733 2,364 F10 4 ( 9 U K O F12 D Ser Lk P PrtSc SysRq Pause AOGANO
Payment Interest Principal Balance ($) ($) ($) ($) 30 June 2018 500,000 30 June 2019 100,000 45,000 55,000 445,000 30 June 100,000 40,050 59,950 385,050 2020 30 June 2021 100,000 34,655 65,346 319,705 30 June 2022 100,000 28,773 71,227 248,478 30 June 2023 100,000 22,363 77,637 170,841 State the minimum amount that would be disclosed as a financing cash outflow for the year ended 30 June 2022.
A4
2020 2019 Account Description Debit Debit Cash 43,700 18,200 Accounts Receivable 24,500 13,377 Allowance for doubtful accounts (900) (427) Inventory 44,200 35,000 Prepaid expenses 15,100 12,900 Supplies 1,000 750 Investments 132,200 157,000 Property, plant, and equipment: Land 125,000 175,000 Buildings 350,000 350,000 Less: Accumulated depreciation - buildings (105,000) (87,500) Equipment 525,000 400,000 Less: Accumulated depreciation - equipment (130,000) (112,000) Patents 45,000 50,000 Accounts Payable (20,000) (32,000) Income Tax Payable (6,000) (4,000) Salaries and Wages Payable (8,100) (5,800) Dividend Payable (16,500) (14,400) Short term Notes Payable (10,000)…
Question 70 Using Financial Statements for 2018-2019, the amount of cash and marketable securities at the end of the year is $4,202,000. TRUE OR FALSE?
Given this information: 2019 2020 2019 2020 Cash $3,000 $4,20O Accounts payable $8,500 $5,100 Accounts receivable $15,000 $14,000 Utilities payable $7,000 $4,000 Inventory $6,000 $7,000 Salaries payable $1,400 $800 Prepaid rent $4,000 $1,000 Notes payable $32,000 $34,000 Equipment $22,000 $26,000 Interest payable $1,200 $1,350 Accumulated depreciation ($4,000) ($5,200) Common stock $20,000 $20,000 Land $28,000 $21,000 Retained earnings $3,900 $2,750 $74,000 $68,000 $74,000 $68,000 How much cash was collected during 2020 if total sales were $160,000? $159,000 $161,200 $158,800 $161,000 None of the above
mid term q1 (1).jpg 8°C Partly sunny 2021 QS 10-2 Current portion of long-term debt LO1 On January 1, 2020, La Petite Macaron, a local French bakery, borrowed $84,000 from the bank. Interest is calculated at the rate of 4% and the term of the note is four years. Four equal annual payments will be made in the amount of $23,141 each December 31. The payment schedule is shown below: 2022 Year Annual Payment Principal Portion of Payment Interest Portion of Payment Principal Balance at Year-End 2020 $19,781 $3,360 $64,219 20,572 2,569 43,647 21,395 22,252 22,252 2023 $23,141 23,141 23,141 23,141 e Show how La Petite Macaron will show the note on its year-end balance sheet: 1. December 31, 2020 2. December 31, 2021 H Q Search : 444 hp 1,746 889 6 -0- Q 100% ENG IN 23:48 05-11-2023 0 pa dn