For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,073,000; certificate of deposit $1,624,000; cash advance to subsidiary of $1,136,800; utility deposit paid to gas company $216. Cash balance $ 2. Checking account balance $696,000; an overdraft in special checking account at same bank as normal checking account of $19,720; cash held in a bond sinking fund $232,000; petty cash fund $348; coins and currency on hand $1,566. Cash balance $ 3. Checking account balance $684,400; postdated check from customer $12,760; cash restricted due to maintaining compensating balance requirement of $116,000; certified check from customer $11,368; postage stamps on hand $712. Cash balance $

Q: ow to do a P&L statement

A: A profit & loss statement shows the organization's revenue, expenses, and its profit for a…

Q: Can subparts 4 and 5 be answered on this problem

A: Net present value is used to calculate the current total value of future payments. It is the…

Q: Define and expain

A: Detailed Explanation of Nursing1. Patient Care:Direct Care: Nurses provide hands-on care to…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: step 5 and step 6 solution please

A: Treasury stock is the stock of the company purchased by the company from the investors in order to…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: the difference between a W-4 form and W-2 form.

A: Form W-4: Employee’s withholding allowance certificate. This form is filled by employees for their…

Q: WHAT'S THE ANSWER TO D, E AND F?

A: Given, Net nonoperating obligations (NNO) Return on equity (ROE) Nonoperating return component of…

Q: The key properties of a distributed ledger are: Question 3 Answer a . Time stamped b . Mutable c .…

A: The correct options are:a. Time-stamped:Each transaction is recorded with a timestamp to establish…

Q: Activity F stomer Service

A: 1) S. Inc Activity rate = Total activity cost ÷ Activity Base Customer Service = $29,190 ÷ 210 =…

Q: Discuss in detail Five benefits and drawbacks of throughput accounting

A: Through put accounting is a managerial decision making to maximize organization's profit. In this…

Q: two questions

A: Prepare an income statement.

Q: How do I do number 2 ?

A: Adjusting entries: Adjusting entries are those entries that are recorded at the end of the year, to…

Q: how do you calculate the answers for question a

A: On reading the 4th line of the question, we came across a statement "The company currently absorbs…

Q: Is there a way you can provide an example for number 3?

A: Break-even level is computed by the company at which company has sufficient amount of revenue…

Q: please explain the answer B

A: In the net realizable value method, joint costs are allocated based on the total final sales value…

Q: what about quesitons E and F?

A: Work in progress (WIP) also called work in process, is inventory that has begun the manufacturing…

Q: Problem 3 THE DU PONT FORMULA AND RETURN ON TOTAL ASSETS. Industry A has three companies whose…

A: The total asset turnover ratio states the entity’s capacity in utilizing its assets in earning…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is