Lor's Company has the following items: cash in a checking account, $4,000; cash in a savings account, $6,000, high - grade government securites due in one me (purchased last month), $3,536; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? OA $13,536 OB. $16,536 OC. $17,136 OD. $6,000

Lor's Company has the following items: cash in a checking account, $4,000; cash in a savings account, $6,000, high - grade government securites due in one me (purchased last month), $3,536; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? OA $13,536 OB. $16,536 OC. $17,136 OD. $6,000

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 5CE

See similar textbooks

Similar questions

Lori's Company has the following items: cash in a checking account, $2,000; cash in a savings account, $10,000; high - grade government securities due in one month (purchased last month), $3,546; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet? O A. $18,546 O B. $10,000 O C. $15,546 O D. $15,000
The bank statement for Jonzac Inc. showed a balance of $900, and the checkbook balance indicated $1,420. The total amount of outstanding cheques is $35. A $5 cheque printing charge and a $50 NSF were reported on the bank statement. There was a $500 deposit in transit. What is the reconciled balance? a. $1,095 b. $1,045 O c. $1,040 d. $1,365 P Type here to search ASUS
"3D Company" has the following balances: Cash in Bank – Saving account at bank of $102,000. Petty cash of $4,000, Post-dated checks of $18,000, Travel advances of $14,000, and Certificates of deposit of $560,000. In “3D Company" statement of financial position, how much should be reported cash and cash equivalent? a. $680,000. b. $138,000. c. $124,000. d. $106,000.
A company shows an ending balance of $790. The bank statement shows a $14 service charge and an NSF check for $150. A $280 deposit is in transit, and outstanding checks total $310. What is their adjusted cash balance?
Consider the following: Cash in Bank - checking account of $19100, Cash on hand of $510, Post-dated checks received totaling $3540, and certificates of deposit totaling $123000. How much should be reported as cash in the balance sheet? O $23150. O $135400. O $19100. O $19610.
Marlon, Inc., reported a balance of $133 in its cash account at the end of the month. There were $120 of deposits in transit and $105 of checks outstanding. The bank statement showed a balance of $140, service charges of $7, and the collection of a note plus interest. The note had a face value of $25. How much interest did the bank collect for the company? a. $4 b. $3 c. $24 d. $12
29
The checkbook balance is $8,850. The total fees or charges deducted by the bank is $8.15.The interest credit is $5.12. Determine the adjusted checkbook balance. a. $5000 b. $8,863.27 c. $8846.97 d. $8853.03
The cash account of Sheffield Co. showed a ledger balance of $7,088.13 on June 30, 2020. The bank statement as of that date showed a balance of $7,470. Upon comparing the statement with the cash records, the following facts were determined. 1. 2. 3. 4. 5. 6. 7. (a) There were bank service charges for June of $45. A bank memo stated that Bao Dai's note for $2,160 and interest of $64.80 had been collected on June 29, and the bank had made a charge of $9.90 on the collection. (No entry had been made on Sheffield's books when Bao Dai's note was sent to the bank for collection.) Receipts for June 30 for $6,102 were not deposited until July 2. Checks outstanding on June 30 totaled $3,844.89. The bank had charged the Sheffield Co.'s account for a customer's uncollectible check amounting to $455.76 on June 29. A customer's check for $162 (as payment on the customer's Accounts Receivable) had been entered as $108 in the cash receipts journal by Sheffield on June 15. Check no. 742 in the amount…
A company's bank statement shows a cash balance of $4,160. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,150, NSF check of $290, interest earned of $37, service fee of $47, and a check for $170 recorded twice by the company. Calculate the correct balance of cash. Cash balançe
Kindly answer in good accounting form. Preferably in table :)
The cash account of Waterway Co. showed a ledger balance of $18,781.68 on June 30, 2025. The bank statement as of that date showed a balance of $19,920. Upon comparing the statement with the cash records, the following facts were determined. 1. 2. There were bank service charges for June of $120. A bank memo stated that Bao Dai's note for $5,760 and interest of $172.80 had been collected on June 29, and the bank had made a charge of $26.40 on the collection. (No entry had been made on Waterway's books when Bao Dai's note was sent to the bank for collection.) 3. Receipts for June 30 for $16,272 were not deposited until July 2. 4. Checks outstanding on June 30 totaled $10,253.04. 5. 6. The bank had charged the Waterway Co.'s account for a customer's uncollectible check amounting to $1,215.36 on June 29. A customer's check for $432 (as payment on the customer's Accounts Receivable) had been entered as $288 in the cash receipts journal by Waterway on June 15. 7. Check no. 742 in the amount…