Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, Its Cash account shows a debit balance of $71,209. Easton's June bank statement shows a $67,149 balance in the bank. Determine the adjusted cash balance using the following information: Deposit in transit Outstanding checks Check printing fee, not yet recorded by company Interest earned, not yet recorded by the company The adjusted cash balance should be: Multiple Choice О $71,261 О $71,172 O $74,249 O $71,224 $7,100 $3,025 $ 37 $ 52 Multiple Choice $71,261 $71,172 $74,249 $71,224 $64,124

Chapter 6 i Saved Help Save & Exit Subm Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Banners will pay Rothbart a total of $66,000, and 12 Banners can cancel the contract if it so chooses but must pay Rothbart for work completed. Rothbart believes that, if 12 Banners cancelled the contract, Rothbart could sell the bumper cars to another amusement park and still make a profit. The manufacturing contract is expected to last six months, and as of December 31, 2021, the job is 80% complete. How much revenue should Rothbart recognize in 2021 for this contract? Multiple Choice $13.200 $66.000 553.300 Prev 1 of 15 Next >

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