Tope Company issued the following checks asrded in its Cash Disbursement Journal: Instruction: Identify checksoutstanding as of end of May 2016.Check DateCheck NoPayeeAmount5/2/20161256 Jane2,0005/10/20161257 May3005/15/20161528 Nicole4,5005/18/20161259 Kathy8,7005/30/20161260 Perry1,200As per the bank statement received by Tope, the following checks were presented and paid by thebank:Check NoPayeeAmount2,0001256Jane8,7001259Kathy1,2001260Perry

An outstanding check is a check payment that has not been paid or deposited by the recipient. The…

Answered: Check No Payee Amount 5/2/2016 1256…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Chapter 5 Exercises i Saved 49 Required information Part 4 of 7 (The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Debit Credit 1 $ 26,100 14,700 Cash points Accounts Receivable Allowance for Uncollectible Accounts $ 3,000 Supplies Notes Receivable (6, due in 2 years) Land Skipped 3,600 15,000 80,000 Accounts Payable Conmon Stock Retained Earnings 7,900 95,000 33,500 eBook Totals $139,400 $139,400 Print During January 2021, the following transactions occur: 2 Provide services to customers for cash, $46,100. 6 Provide services to customers on account, $83,400. January January January 15 write off accounts receivable as uncollectible, $2,500. January 20 Pay cash for salaries, $32, 500. January 22 Receive cash on accounts receivable, $81,000. January 25 Pay cash on accounts payable, $6,600. January 30 Pay cash for utilities during January, $14,800. References…
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December 31, 2020 December 31, 2019 Contributions due in less than one year $2,293,775 $2,305,753 Contributions due in one to five years 5,454,320 6,272,198 Contributions due in more than five years 1,098,384 1,696,768 Total Contribution $8,846,479 $10,274,719 Less Allowance for bad debts 166,972 398,723 Discount to net present value 497,812 710,124 Net Contribution $ 8,181,695 $ 9,165,872 Without Donor's Restrictions With Donor's Restrictions 2020 2019 2020 2019 Contributions due in less than one year $2,293,775 $2,305,753 Contributions due in one to five years 5,454,320 6,272,198 Contributions due in more than five years $1,098,384 $1,696,768 The discount rates used on long-term promises to give were 3 percent in 2020 and 2019. Suppose that the foundation was to prepare the statement of financial position in columnar form, one column for net assets without donor restrictions, and another for net assets with donor restrictions. In which column would these receivables be reported?…

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Check No Payee Amount 5/2/2016 1256 Jane 2,000 5/10/2016 1257 May 300 5/15/2016 1528 Nicole 4,500 5/18/2016 1259 Kathy 8,700 5/30/2016 1260 Perry 1,200